Zhihu Inc. Sponsored ADR (NYSE:ZH – Get Free Report) shares dropped 4.1% during trading on Monday . The stock traded as low as $3.35 and last traded at $3.3550. Approximately 344,347 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 273,921 shares. The stock had previously closed at $3.50.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Zhihu from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Zhihu in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Zhihu presently has a consensus rating of “Sell”.
Get Our Latest Research Report on Zhihu
Zhihu Trading Down 4.1%
Institutional Trading of Zhihu
A hedge fund recently bought a new stake in Zhihu stock. Ameriprise Financial Inc. bought a new position in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 25,006 shares of the company’s stock, valued at approximately $100,000. 28.92% of the stock is currently owned by hedge funds and other institutional investors.
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.
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