Kanzhun Limited (NASDAQ:BZ) Short Interest Update

Kanzhun Limited (NASDAQ:BZ) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 17,880,000 shares, an increase of 8.1% from the December 31st total of 16,540,000 shares. Based on an average daily volume of 3,940,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 5.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

BZ has been the subject of a number of analyst reports. CLSA assumed coverage on Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Citigroup lowered their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Barclays raised their target price on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein cut Kanzhun from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Kanzhun Price Performance

Kanzhun stock traded up $0.31 during mid-day trading on Monday, reaching $14.72. The company had a trading volume of 2,980,875 shares, compared to its average volume of 2,887,751. The stock’s 50-day simple moving average is $13.94 and its 200-day simple moving average is $14.21. The company has a market capitalization of $5.61 billion, a P/E ratio of 32.71 and a beta of 0.49. Kanzhun has a 1 year low of $10.57 and a 1 year high of $22.74.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. On average, equities analysts forecast that Kanzhun will post 0.46 EPS for the current fiscal year.

Institutional Trading of Kanzhun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. acquired a new position in shares of Kanzhun during the 3rd quarter valued at about $42,000. Van ECK Associates Corp acquired a new position in Kanzhun during the 3rd quarter worth approximately $61,000. China Universal Asset Management Co. Ltd. purchased a new position in shares of Kanzhun in the fourth quarter valued at $63,000. Premier Fund Managers Ltd increased its position in shares of Kanzhun by 38.0% during the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock worth $180,000 after acquiring an additional 2,884 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of Kanzhun in the 3rd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.