Zhihu Inc. Sponsored ADR (NYSE:ZH) Short Interest Up 19.9% in March

Zhihu Inc. Sponsored ADR (NYSE:ZH) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,127,389 shares, a growth of 19.9% from the February 26th total of 940,021 shares. Based on an average daily volume of 298,328 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Zhihu

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZH. Weiss Ratings reiterated a “sell (d)” rating on shares of Zhihu in a research note on Friday. Wall Street Zen lowered Zhihu from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Zhihu Price Performance

ZH traded down $0.06 on Wednesday, hitting $2.78. 118,669 shares of the stock were exchanged, compared to its average volume of 419,631. The firm has a market capitalization of $245.52 million, a price-to-earnings ratio of -7.57 and a beta of 0.26. Zhihu has a 12 month low of $2.57 and a 12 month high of $5.55. The business has a 50-day moving average of $3.32 and a two-hundred day moving average of $3.82.

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

About Zhihu

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.