Zhihu Inc. (NYSE:ZH – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,300,000 shares, a decline of 20.2% from the September 30th total of 1,630,000 shares. Based on an average trading volume of 389,400 shares, the short-interest ratio is presently 3.3 days. Currently, 1.4% of the company’s shares are short sold.
Hedge Funds Weigh In On Zhihu
Several hedge funds have recently bought and sold shares of ZH. Acadian Asset Management LLC bought a new position in Zhihu in the second quarter worth approximately $740,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Zhihu in the 1st quarter worth $1,435,000. Finally, Alibaba Group Holding Ltd acquired a new position in shares of Zhihu during the first quarter valued at about $7,158,000. Institutional investors own 28.92% of the company’s stock.
Zhihu Price Performance
Shares of ZH traded up $0.02 during midday trading on Friday, hitting $3.58. The stock had a trading volume of 150,437 shares, compared to its average volume of 368,128. Zhihu has a 1 year low of $2.55 and a 1 year high of $6.24. The stock’s 50 day moving average is $3.53 and its 200 day moving average is $3.46. The firm has a market cap of $367.29 million, a PE ratio of -3.14 and a beta of 0.18.
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.
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