Kanzhun Limited (NASDAQ:BZ) Short Interest Down 9.1% in August

Kanzhun Limited (NASDAQ:BZ) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 8,630,000 shares, a decrease of 9.1% from the August 15th total of 9,490,000 shares. Based on an average trading volume of 4,140,000 shares, the short-interest ratio is presently 2.1 days. Approximately 2.6% of the shares of the stock are sold short.

Kanzhun Price Performance

Shares of NASDAQ BZ traded up $0.19 during midday trading on Tuesday, reaching $12.44. The company’s stock had a trading volume of 4,522,205 shares, compared to its average volume of 3,890,202. Kanzhun has a 12-month low of $10.57 and a 12-month high of $22.74. The stock has a market capitalization of $4.73 billion, a P/E ratio of 31.41 and a beta of 0.47. The firm has a 50 day moving average price of $14.18 and a 200-day moving average price of $17.68.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BZ shares. Daiwa America upgraded shares of Kanzhun to a “hold” rating in a research note on Thursday, July 25th. HSBC started coverage on shares of Kanzhun in a research note on Friday, May 24th. They issued a “buy” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. UBS Group increased their price objective on shares of Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Finally, Barclays decreased their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

Institutional Investors Weigh In On Kanzhun

Large investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC purchased a new position in shares of Kanzhun in the second quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Kanzhun in the second quarter worth about $44,000. Blue Trust Inc. lifted its position in Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after acquiring an additional 1,347 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Kanzhun in the 2nd quarter worth about $204,000. Finally, SIH Partners LLLP purchased a new stake in Kanzhun in the second quarter worth approximately $282,000. Institutional investors own 60.67% of the company’s stock.

Kanzhun Company Profile

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.