Zhihu Inc. (NYSE:ZH) Short Interest Down 18.5% in February

Zhihu Inc. (NYSE:ZH) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 1,540,000 shares, a drop of 18.5% from the February 13th total of 1,890,000 shares. Based on an average daily volume of 692,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.9% of the shares of the stock are sold short.

Zhihu Stock Down 2.0 %

Shares of ZH stock traded down $0.11 during trading hours on Tuesday, reaching $5.11. The company’s stock had a trading volume of 353,437 shares, compared to its average volume of 457,802. The firm’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $3.86. The company has a market capitalization of $445.75 million, a price-to-earnings ratio of -9.12 and a beta of 0.08. Zhihu has a fifty-two week low of $2.55 and a fifty-two week high of $6.32.

Analyst Ratings Changes

Separately, Citigroup reduced their target price on Zhihu from $5.40 to $4.70 and set a “buy” rating on the stock in a report on Friday, November 29th.

Institutional Investors Weigh In On Zhihu

Several hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Zhihu by 172.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 603,673 shares of the company’s stock valued at $2,137,000 after acquiring an additional 382,039 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Zhihu by 65.1% during the 3rd quarter. Jane Street Group LLC now owns 175,381 shares of the company’s stock valued at $675,000 after acquiring an additional 69,160 shares in the last quarter. E Fund Management Co. Ltd. boosted its holdings in shares of Zhihu by 83.1% during the 4th quarter. E Fund Management Co. Ltd. now owns 150,848 shares of the company’s stock valued at $534,000 after acquiring an additional 68,458 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Zhihu by 83.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 150,848 shares of the company’s stock valued at $534,000 after acquiring an additional 68,458 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in shares of Zhihu by 95.7% during the 4th quarter. Nomura Holdings Inc. now owns 146,764 shares of the company’s stock valued at $520,000 after acquiring an additional 71,764 shares in the last quarter. Institutional investors and hedge funds own 28.92% of the company’s stock.

About Zhihu

Zhihu Inc operates an online content community in the People’s Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services.