Zhihu (NYSE:ZH) Shares Down 0.3% - What's Next?

Zhihu Inc. Sponsored ADR (NYSE:ZH - Get Free Report)'s share price traded down 0.3% during trading on Wednesday . The stock traded as low as $4.57 and last traded at $4.67. 279,620 shares were traded during trading, a decline of 38% from the average session volume of 449,675 shares. The stock had previously closed at $4.69.

Zhihu Stock Performance

The firm has a 50-day moving average price of $4.09 and a 200 day moving average price of $4.14. The stock has a market capitalization of $409.52 million, a P/E ratio of -234.50 and a beta of 0.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Zhihu by 60.0% in the first 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. Cubist Systematic Strategies LLC raised its stake in shares of Zhihu by 1,769.9% in the first 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. Walleye Capital LLC raised its stake in shares of Zhihu by 787.7% in the first 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. Jump Financial LLC purchased a new position in shares of Zhihu in the first quarter worth $431,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Zhihu in the first quarter worth $123,000. Hedge funds and other institutional investors own 28.92% 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 offers technology, business support, and consulting services; information transmission, software, and information technology services.