Zhihu Stock Set to Reverse Split on Friday, May 10th (NYSE:ZH)

Zhihu Inc. (NYSE:ZH) shares are going to reverse split before the market opens on Friday, May 10th. The 1-6 reverse split was announced on Friday, May 10th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 10th.

Zhihu Stock Down 1.3 %

Shares of ZH opened at $0.67 on Thursday. The company has a market capitalization of $412.65 million, a price-to-earnings ratio of -3.53 and a beta of 0.28. Zhihu has a 52-week low of $0.61 and a 52-week high of $1.25. The stock has a 50 day moving average price of $0.72 and a 200 day moving average price of $0.84.

Zhihu (NYSE:ZH) last issued its quarterly earnings data on Tuesday, March 26th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $160.33 million for the quarter. Zhihu had a negative return on equity of 16.32% and a negative net margin of 20.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Zhihu by 244.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 41,649 shares of the company’s stock valued at $39,000 after purchasing an additional 29,546 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Zhihu by 237.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 38,406 shares of the company’s stock worth $40,000 after buying an additional 27,024 shares during the period. QCM Cayman Ltd. purchased a new position in shares of Zhihu during the third quarter worth about $46,000. Caxton Associates LP increased its position in Zhihu by 109.1% in the 3rd quarter. Caxton Associates LP now owns 112,330 shares of the company’s stock valued at $117,000 after acquiring an additional 58,617 shares during the period. Finally, Jump Financial LLC purchased a new stake in Zhihu during the 3rd quarter valued at approximately $380,000. Institutional investors and hedge funds 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.