Zhihu (NYSE:ZH) Shares Scheduled to Reverse Split on Friday, May 10th

Shares of Zhihu Inc. (NYSE:ZH) are scheduled to reverse split on the morning of 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 1.1 %

NYSE ZH opened at $0.65 on Wednesday. The stock has a market cap of $402.37 million, a P/E ratio of -3.44 and a beta of 0.25. Zhihu has a twelve month low of $0.61 and a twelve month high of $1.25. The company’s 50-day simple moving average is $0.71 and its 200 day simple moving average is $0.84.

Zhihu (NYSE:ZH) last issued its earnings results on Tuesday, March 26th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company 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

Large investors have recently added to or reduced their stakes in the company. Matthews International Capital Management LLC grew its holdings in Zhihu by 5.7% during the 1st quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock worth $22,275,000 after acquiring an additional 1,753,312 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Zhihu by 204.3% during the third quarter. Vanguard Group Inc. now owns 18,004,665 shares of the company’s stock valued at $18,725,000 after purchasing an additional 12,088,653 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Zhihu in the third quarter valued at approximately $1,109,000. California Public Employees Retirement System raised its position in Zhihu by 6.5% in the 4th quarter. California Public Employees Retirement System now owns 847,002 shares of the company’s stock worth $793,000 after purchasing an additional 51,765 shares during the last quarter. Finally, Jacob Asset Management of New York LLC boosted its position in Zhihu by 51.1% in 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 buying an additional 200,000 shares during the last quarter. 28.92% of the stock is owned by institutional investors.

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.