Zhihu Inc. (NYSE:ZH - Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,540,000 shares, a decrease of 18.5% from the February 13th total of 1,890,000 shares. Based on an average trading volume of 692,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.9% of the shares of the company are sold short.
Zhihu Stock Up 7.0 %
ZH traded up $0.32 on Friday, hitting $4.79. 1,152,625 shares of the company traded hands, compared to its average volume of 465,899. The company has a 50 day moving average of $4.43 and a 200-day moving average of $3.90. Zhihu has a 12-month low of $2.55 and a 12-month high of $6.32. The stock has a market capitalization of $417.81 million, a PE ratio of -8.55 and a beta of 0.08.
Hedge Funds Weigh In On Zhihu
Several institutional investors have recently bought and sold shares of ZH. Walleye Capital LLC acquired a new stake in shares of Zhihu in the 3rd quarter valued at approximately $212,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zhihu in the third quarter worth $27,000. Jane Street Group LLC lifted its holdings in Zhihu by 65.1% in the third 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 during the period. XTX Topco Ltd purchased a new stake in shares of Zhihu during the 3rd quarter worth $151,000. Finally, Barclays PLC acquired a new position in shares of Zhihu during the 3rd quarter worth $511,000. 28.92% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Citigroup dropped their price objective on shares of Zhihu from $5.40 to $4.70 and set a "buy" rating on the stock in a research note on Friday, November 29th.
Read Our Latest Report on Zhihu
Zhihu Company Profile
(
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.
See Also
Before you consider Zhihu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zhihu wasn't on the list.
While Zhihu currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
