Kanzhun Limited (NASDAQ:BZ) Sees Large Growth in Short Interest

Kanzhun Limited (NASDAQ:BZ) was the target of a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 3,940,000 shares, the short-interest ratio is currently 4.5 days. Currently, 5.2% of the company’s shares are short sold.

Kanzhun Price Performance

Kanzhun stock opened at $14.69 on Monday. The stock’s fifty day moving average is $13.70 and its two-hundred day moving average is $14.45. The stock has a market cap of $5.57 billion, a PE ratio of 32.65 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 issued its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, research analysts expect that Kanzhun will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein lowered Kanzhun from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Monday, December 9th. Barclays increased their price objective on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. CLSA started coverage on Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Citigroup reduced their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Kanzhun presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Hedge Funds Weigh In On Kanzhun

Several hedge funds have recently made changes to their positions in BZ. UMB Bank n.a. purchased a new position in shares of Kanzhun during the third quarter worth about $42,000. Van ECK Associates Corp purchased a new position in shares of Kanzhun during the third quarter worth about $61,000. Premier Fund Managers Ltd grew its holdings 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 buying an additional 2,884 shares during the last quarter. DRW Securities LLC purchased a new position in shares of Kanzhun during the third quarter worth about $203,000. Finally, Hancock Whitney Corp purchased a new position in shares of Kanzhun during the third quarter worth about $228,000. Hedge funds and other 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.