Zhihu Inc. (NYSE:ZH - Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,480,000 shares, a drop of 16.4% from the November 30th total of 1,770,000 shares. Based on an average daily volume of 430,700 shares, the short-interest ratio is presently 3.4 days. Currently, 1.8% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, Citigroup decreased their price target on Zhihu from $5.40 to $4.70 and set a "buy" rating on the stock in a research note on Friday, November 29th.
Check Out Our Latest Analysis on ZH
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZH. Walleye Capital LLC purchased a new position in shares of Zhihu in the third quarter valued at $212,000. Acadian Asset Management LLC acquired a new stake in Zhihu in the 2nd quarter valued at about $740,000. Virtu Financial LLC purchased a new position in Zhihu during the 3rd quarter valued at about $141,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Zhihu during the 3rd quarter valued at about $317,000. Finally, XTX Topco Ltd acquired a new position in Zhihu during the third quarter worth about $151,000. 28.92% of the stock is currently owned by institutional investors and hedge funds.
Zhihu Trading Up 3.1 %
Shares of ZH traded up $0.11 during trading hours on Friday, reaching $3.71. The company had a trading volume of 249,040 shares, compared to its average volume of 349,525. Zhihu has a 12-month low of $2.55 and a 12-month high of $5.86. The firm has a 50 day simple moving average of $3.63 and a 200-day simple moving average of $3.41. The company has a market capitalization of $323.95 million, a price-to-earnings ratio of -6.63 and a beta of 0.21.
About Zhihu
(
Get Free Report)
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.
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