Zhihu Inc. (NYSE:ZH) Short Interest Down 20.7% in August

Zhihu Inc. (NYSE:ZH) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 1,570,000 shares, a decline of 20.7% from the August 15th total of 1,980,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 316,100 shares, the short-interest ratio is currently 5.0 days.

Institutional Investors Weigh In On Zhihu

Several institutional investors have recently bought and sold shares of ZH. Nomura Holdings Inc. increased its position in shares of Zhihu by 17.6% during the 4th quarter. Nomura Holdings Inc. now owns 450,000 shares of the company’s stock worth $421,000 after purchasing an additional 67,200 shares during the last quarter. Matthews International Capital Management LLC increased its position in shares of Zhihu by 5.7% during the 1st quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock worth $22,275,000 after purchasing an additional 1,753,312 shares during the last quarter. Alibaba Group Holding Ltd acquired a new position in shares of Zhihu during the 1st quarter worth approximately $7,158,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Zhihu during the 1st quarter worth approximately $1,435,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Zhihu during the 2nd quarter worth approximately $740,000. Institutional investors own 28.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price objective on Zhihu from $8.40 to $5.40 and set a “buy” rating on the stock in a report on Thursday, June 13th.

Zhihu Price Performance

NYSE ZH remained flat at $3.30 during trading on Friday. The company’s stock had a trading volume of 81,081 shares, compared to its average volume of 191,551. The firm has a market cap of $338.56 million, a P/E ratio of -2.89 and a beta of 0.16. The company has a 50 day moving average price of $3.21 and a 200-day moving average price of $3.61. Zhihu has a 12-month low of $2.55 and a 12-month high of $6.84.

Zhihu (NYSE:ZH) last released its earnings results on Thursday, August 22nd. The company reported ($0.12) EPS for the quarter. The firm had revenue of $128.50 million during the quarter. Zhihu had a negative net margin of 15.49% and a negative return on equity of 13.51%.

Zhihu Company Profile

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.