Short Interest in Zhihu Inc. Sponsored ADR (NYSE:ZH) Grows By 20.9%

Key Points

• Zhihu Inc. saw a 20.9% increase in short interest from August 15th to August 31st, totaling 697,700 shares, which represents approximately 0.9% of its stock.
• Institutional investors now own 28.92% of Zhihu's shares, with significant acquisitions from firms like Nomura Holdings Inc. and BNP Paribas Financial Markets in the last quarter.
• As of the latest trading session, Zhihu's stock is priced at $5.24, experiencing a one-year trading range between $3.13 and $6.32.

Zhihu Inc. Sponsored ADR (NYSE:ZH - Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 697,700 shares, an increase of 20.9% from the August 15th total of 577,200 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 358,400 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 358,400 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.9% of the shares of the stock are short sold.

Zhihu Price Performance

ZH traded up $0.01 during trading on Monday, reaching $5.21. 166,374 shares of the stock traded hands, compared to its average volume of 497,080. Zhihu has a fifty-two week low of $3.13 and a fifty-two week high of $6.32. The stock's 50-day simple moving average is $4.71 and its two-hundred day simple moving average is $4.32. The stock has a market cap of $454.94 million, a price-to-earnings ratio of 23.66 and a beta of 0.22.

Institutional Investors Weigh In On Zhihu

A number of institutional investors have recently added to or reduced their stakes in ZH. MY.Alpha Management HK Advisors Ltd bought a new position in Zhihu in the 1st quarter worth approximately $7,231,000. Acadian Asset Management LLC raised its position in Zhihu by 60.0% in the 1st quarter. Acadian Asset Management LLC now owns 2,941,056 shares of the company's stock worth $12,526,000 after purchasing an additional 1,102,401 shares during the last quarter. National Bank of Canada FI raised its position in Zhihu by 20,090,000.0% in the 1st quarter. National Bank of Canada FI now owns 200,901 shares of the company's stock worth $858,000 after purchasing an additional 200,900 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Zhihu by 1,769.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 190,786 shares of the company's stock worth $815,000 after purchasing an additional 180,583 shares during the last quarter. Finally, Walleye Capital LLC raised its position in Zhihu by 787.7% in the 1st quarter. Walleye Capital LLC now owns 126,426 shares of the company's stock worth $540,000 after purchasing an additional 112,184 shares during the last quarter. 28.92% of the stock is owned by institutional investors and hedge funds.

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.