Zhihu Sees Unusually Large Options Volume (NYSE:ZH)

Zhihu Inc. (NYSE:ZH) was the recipient of unusually large options trading activity on Monday. Traders acquired 2,781 call options on the company. This is an increase of 381% compared to the typical daily volume of 578 call options.

Institutional Trading of Zhihu

Several institutional investors have recently made changes to their positions in ZH. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Zhihu in the 3rd quarter worth $317,000. Walleye Capital LLC bought a new position in Zhihu during the third quarter valued at about $212,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Zhihu during the third quarter valued at about $27,000. Jane Street Group LLC grew its position in Zhihu by 65.1% during the third quarter. Jane Street Group LLC now owns 175,381 shares of the company’s stock valued at $675,000 after buying an additional 69,160 shares during the period. Finally, XTX Topco Ltd bought a new position in Zhihu during the third quarter valued at about $151,000. Institutional investors own 28.92% of the company’s stock.

Zhihu Price Performance

NYSE ZH opened at $5.31 on Tuesday. Zhihu has a 1 year low of $2.55 and a 1 year high of $6.32. The firm has a market cap of $463.23 million, a price-to-earnings ratio of -9.47 and a beta of 0.20. The company has a fifty day moving average price of $3.81 and a 200-day moving average price of $3.64.

Zhihu (NYSE:ZH) last posted its earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. Zhihu had a negative return on equity of 8.01% and a negative net margin of 9.28%.

Analysts Set New Price Targets

Separately, Citigroup dropped their price target on shares of Zhihu from $5.40 to $4.70 and set a “buy” rating on the stock in a research report on Friday, November 29th.

About Zhihu

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.