Short Interest in Zhihu Inc. (NYSE:ZH) Drops By 27.3%

Zhihu Inc. (NYSE:ZH) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 7,940,000 shares, a decrease of 27.3% from the October 15th total of 10,920,000 shares. Based on an average trading volume of 2,370,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.3% of the company’s shares are short sold.

Zhihu Price Performance

ZH stock traded up $0.02 during trading on Tuesday, reaching $1.02. The company had a trading volume of 370,689 shares, compared to its average volume of 3,212,407. The business has a 50 day moving average of $1.02 and a 200 day moving average of $1.06. Zhihu has a 52 week low of $0.90 and a 52 week high of $2.11.

Zhihu (NYSE:ZH) last issued its quarterly earnings results on Wednesday, August 23rd. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $144.00 million during the quarter. Zhihu had a negative return on equity of 16.66% and a negative net margin of 23.03%.

Institutional Trading of Zhihu

Several hedge funds and other institutional investors have recently made changes to their positions in ZH. Matthews International Capital Management LLC raised its holdings in Zhihu by 77.2% in the third quarter. Matthews International Capital Management LLC now owns 25,770,807 shares of the company’s stock worth $26,802,000 after buying an additional 11,227,346 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Zhihu by 0.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 13,736,118 shares of the company’s stock worth $15,522,000 after purchasing an additional 95,891 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Zhihu by 13.2% in the first quarter. Bank of America Corp DE now owns 7,165,438 shares of the company’s stock worth $9,100,000 after purchasing an additional 834,199 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Zhihu by 0.3% during the third quarter. Vanguard Group Inc. now owns 5,641,947 shares of the company’s stock valued at $5,980,000 after purchasing an additional 14,245 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Zhihu by 2.0% during the first quarter. UBS Group AG now owns 5,406,929 shares of the company’s stock valued at $6,867,000 after purchasing an additional 105,691 shares in the last quarter. Hedge funds and other institutional investors own 11.74% of the company’s stock.

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 also offers technology, business support, and consulting services; information transmission, software, and information technology services; information and marketing services; vocational training; and internet services, as well as holds audio-visual permit.