Kanzhun Limited (NASDAQ:BZ) Sees Significant Increase in Short Interest

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

Kanzhun Stock Up 6.0 %

Shares of NASDAQ:BZ traded up $0.83 during trading on Friday, hitting $14.69. The stock had a trading volume of 2,625,870 shares, compared to its average volume of 3,141,024. The firm’s fifty day moving average is $13.70 and its 200 day moving average is $14.49. The company has a market capitalization of $5.57 billion, a PE ratio of 32.65 and a beta of 0.49. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping 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%. Equities research analysts expect that Kanzhun will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Kanzhun

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. purchased a new position in shares of Kanzhun in the third quarter worth $42,000. Van ECK Associates Corp purchased a new position in Kanzhun in the 3rd quarter worth about $61,000. Premier Fund Managers Ltd lifted its stake in Kanzhun by 38.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock valued at $180,000 after acquiring an additional 2,884 shares during the period. DRW Securities LLC purchased a new stake in shares of Kanzhun during the 3rd quarter valued at about $203,000. Finally, Hancock Whitney Corp bought a new stake in shares of Kanzhun in the third quarter worth approximately $228,000. 60.67% of the stock is currently owned by institutional investors.

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.