Kanzhun Limited (NASDAQ:BZ) Short Interest Update

Kanzhun Limited (NASDAQ:BZ) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 17,760,000 shares, a decline of 6.7% from the October 15th total of 19,030,000 shares. Currently, 5.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,890,000 shares, the short-interest ratio is presently 3.6 days.

Institutional Trading of Kanzhun

Several institutional investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in Kanzhun during the 2nd quarter worth $25,000. Summit Securities Group LLC acquired a new position in Kanzhun in the second quarter valued at about $44,000. UMB Bank n.a. bought a new stake in Kanzhun during the third quarter worth about $42,000. Van ECK Associates Corp bought a new stake in Kanzhun during the third quarter worth about $61,000. Finally, Blue Trust Inc. grew its stake in Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after buying an additional 1,347 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Price Performance

Shares of Kanzhun stock opened at $13.59 on Wednesday. Kanzhun has a 1 year low of $10.57 and a 1 year high of $22.74. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 31.63 and a beta of 0.55. The business has a fifty day simple moving average of $14.95 and a two-hundred day simple moving average of $16.62.

Kanzhun (NASDAQ:BZ) last announced its earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $263.75 million during the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. As a group, equities analysts anticipate that Kanzhun will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BZ has been the subject of a number of recent analyst reports. Daiwa Capital Markets downgraded Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Barclays reduced their price objective on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. CLSA assumed coverage on shares of Kanzhun in a research note on Monday. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Daiwa America raised shares of Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

About Kanzhun

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.