Zhihu Inc. (NYSE:ZH) Short Interest Down 18.5% in February

Zhihu Inc. (NYSE:ZH) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 1,540,000 shares, a decline of 18.5% from the February 13th total of 1,890,000 shares. Based on an average daily volume of 692,600 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.9% of the shares of the stock are sold short.

Institutional Trading of Zhihu

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zhihu in the third quarter worth about $27,000. Wolverine Trading LLC purchased a new stake in shares of Zhihu during the fourth quarter valued at about $38,000. Advisors Preferred LLC purchased a new stake in shares of Zhihu during the fourth quarter valued at about $39,000. Russell Investments Group Ltd. purchased a new stake in shares of Zhihu during the fourth quarter valued at about $67,000. Finally, New York State Common Retirement Fund lifted its position in shares of Zhihu by 93.8% during the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company’s stock valued at $112,000 after buying an additional 15,325 shares during the last quarter. 28.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup reduced their price target 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.

Zhihu Trading Down 3.1 %

Shares of ZH traded down $0.16 during trading hours on Thursday, reaching $4.89. 84,877 shares of the company traded hands, compared to its average volume of 458,507. The firm has a market cap of $427.33 million, a price-to-earnings ratio of -8.74 and a beta of 0.08. Zhihu has a 12-month low of $2.55 and a 12-month high of $6.32. The stock’s fifty day moving average price is $4.38 and its 200 day moving average price is $3.88.

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.