Short Interest in Zhihu Inc. Sponsored ADR (NYSE:ZH) Grows By 22.7%

Zhihu Inc. Sponsored ADR (NYSE:ZH) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,313,120 shares, an increase of 22.7% from the March 31st total of 1,069,906 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 476,886 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of Zhihu

A hedge fund recently raised its stake in Zhihu stock. Ameriprise Financial Inc. lifted its position in Zhihu Inc. Sponsored ADR (NYSE:ZH) by 44.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,088 shares of the company’s stock after purchasing an additional 11,082 shares during the quarter. Ameriprise Financial Inc.’s holdings in Zhihu were worth $183,000 at the end of the most recent quarter. Institutional investors and hedge funds own 28.92% of the company’s stock.

Zhihu Stock Performance

ZH stock traded down $0.01 during midday trading on Friday, reaching $3.20. 255,490 shares of the company were exchanged, compared to its average volume of 370,582. Zhihu has a 1-year low of $2.57 and a 1-year high of $5.55. The stock’s 50-day simple moving average is $3.21 and its 200 day simple moving average is $3.57. The company has a market cap of $281.77 million, a price-to-earnings ratio of -8.88 and a beta of 0.35.

Zhihu (NYSE:ZH) last issued its earnings results on Saturday, February 14th. The company reported ($0.38) earnings per share (EPS) for the quarter. The company had revenue of $91.98 million during the quarter. Zhihu had a negative net margin of 7.18% and a negative return on equity of 4.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZH shares. Weiss Ratings lowered Zhihu from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded Zhihu from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Zhihu Company Profile

Zhihu is China’s leading online question-and-answer platform, providing a space where users can ask questions, share knowledge, and engage with content across science, technology, business, culture, and lifestyle. Founded in 2011 and headquartered in Beijing, Zhihu has cultivated a community-driven environment that emphasizes credible, in-depth answers from experts, professionals, and enthusiasts.

The company’s core service revolves around its Q&A platform, enabling registered users to post questions and receive comprehensive responses.