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

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

Hedge Funds Weigh In On Zhihu

A number of hedge funds have recently bought and sold shares of ZH. 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 valued at $22,275,000 after purchasing an additional 1,753,312 shares during the last quarter. Alibaba Group Holding Ltd purchased a new stake in shares of Zhihu during the 1st quarter valued at about $7,158,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zhihu during the 1st quarter valued at about $1,435,000. 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 valued at $421,000 after purchasing an additional 67,200 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Zhihu during the 2nd quarter valued at about $740,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Zhihu Stock Performance

Shares of ZH traded down $0.17 during trading hours on Monday, hitting $3.77. The company had a trading volume of 397,533 shares, compared to its average volume of 371,734. The firm has a fifty day moving average price of $3.43 and a 200-day moving average price of $3.50. The stock has a market capitalization of $386.27 million, a price-to-earnings ratio of -3.38 and a beta of 0.18. Zhihu has a 52-week low of $2.55 and a 52-week high of $6.36.

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

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.