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

Shares of Zhihu Inc. (NYSE:ZH) are set 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 closing bell on Friday, May 10th.

Zhihu Price Performance

NYSE:ZH opened at $0.67 on Thursday. The firm’s 50 day simple moving average is $0.72 and its 200 day simple moving average is $0.84. Zhihu has a one year low of $0.61 and a one year high of $1.25. The company has a market cap of $412.65 million, a PE ratio of -3.53 and a beta of 0.28.

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

Institutional Trading of Zhihu

Several hedge funds have recently modified their holdings of ZH. Matthews International Capital Management LLC increased its stake in shares of Zhihu by 77.2% in the 3rd quarter. Matthews International Capital Management LLC now owns 25,770,807 shares of the company’s stock valued at $26,802,000 after acquiring an additional 11,227,346 shares in the last quarter. QCM Cayman Ltd. bought a new stake in Zhihu during the 3rd quarter valued at $46,000. Jacob Asset Management of New York LLC increased its stake in Zhihu by 51.1% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 591,500 shares of the company’s stock valued at $615,000 after purchasing an additional 200,000 shares in the last quarter. California Public Employees Retirement System increased its stake in Zhihu by 200.5% during the 3rd quarter. California Public Employees Retirement System now owns 795,237 shares of the company’s stock valued at $827,000 after purchasing an additional 530,625 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Zhihu during the 3rd quarter valued at $380,000. Institutional investors 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.