Zhihu Inc. (NYSE:ZH) Short Interest Down 16.4% in December

Zhihu Inc. (NYSE:ZH) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,480,000 shares, a decline of 16.4% from the November 30th total of 1,770,000 shares. Based on an average trading volume of 430,700 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Zhihu

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Zhihu in the 3rd quarter worth $141,000. Barclays PLC purchased a new stake in Zhihu during the 3rd quarter worth approximately $511,000. XTX Topco Ltd acquired a new stake in shares of Zhihu in the third quarter valued at $151,000. Jane Street Group LLC grew its stake in Zhihu by 65.1% during the 3rd quarter. Jane Street Group LLC now owns 175,381 shares of the company’s stock worth $675,000 after purchasing an additional 69,160 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zhihu in the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Zhihu Price Performance

Zhihu stock traded down $0.09 during midday trading on Monday, reaching $3.62. The company’s stock had a trading volume of 108,161 shares, compared to its average volume of 348,561. Zhihu has a 52-week low of $2.55 and a 52-week high of $5.74. The stock has a market capitalization of $316.09 million, a P/E ratio of -6.46 and a beta of 0.21. The stock’s 50-day simple moving average is $3.63 and its 200-day simple moving average is $3.41.

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.