Zhihu Inc. (NYSE:ZH) Short Interest Down 20.5% in September

Zhihu Inc. (NYSE:ZH) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,630,000 shares, a decrease of 20.5% from the September 15th total of 2,050,000 shares. Based on an average trading volume of 393,600 shares, the days-to-cover ratio is presently 4.1 days. Approximately 1.8% of the shares of the stock are sold short.

Zhihu Stock Up 1.5 %

NYSE ZH traded up $0.06 on Friday, hitting $3.94. The company’s stock had a trading volume of 533,941 shares, compared to its average volume of 732,191. The company’s 50-day moving average is $3.43 and its 200 day moving average is $3.50. Zhihu has a 1-year low of $2.55 and a 1-year high of $6.36. The firm has a market cap of $393.65 million, a PE ratio of -4.38 and a beta of 0.18.

Zhihu (NYSE:ZH) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) earnings per share for the quarter. Zhihu had a negative net margin of 15.49% and a negative return on equity of 13.51%. The company had revenue of $128.50 million for the quarter.

Institutional Trading of Zhihu

A number of institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. boosted 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 valued at $421,000 after acquiring an additional 67,200 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Zhihu in the second quarter valued at approximately $740,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Zhihu during the first quarter valued at approximately $1,435,000. Alibaba Group Holding Ltd purchased a new position in Zhihu in the 1st quarter worth approximately $7,158,000. Finally, Matthews International Capital Management LLC increased its holdings in shares of Zhihu by 5.7% in the 1st quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock worth $22,275,000 after buying an additional 1,753,312 shares during the last quarter. 28.92% of the stock is currently owned by hedge funds and other institutional investors.

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.