Kanzhun Limited (NASDAQ:BZ) Short Interest Down 6.7% in October

Kanzhun Limited (NASDAQ:BZ - Get Free Report) saw a large decline in short interest in 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. Based on an average daily volume of 4,890,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 5.4% of the shares of the company are sold short.

Kanzhun Trading Up 2.5 %

NASDAQ BZ traded up $0.34 on Monday, hitting $13.78. 3,156,130 shares of the company were exchanged, compared to its average volume of 4,104,002. Kanzhun has a 1-year low of $10.57 and a 1-year high of $22.74. The firm has a 50 day moving average of $14.92 and a two-hundred day moving average of $16.67. The company has a market cap of $5.25 billion, a P/E ratio of 31.26 and a beta of 0.55.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on BZ shares. Barclays reduced their price objective on shares of Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a report on Friday, August 30th. Daiwa Capital Markets cut Kanzhun from a "buy" rating to a "neutral" rating in a report on Thursday, July 25th. CLSA initiated coverage on shares of Kanzhun in a research note on Monday. They issued an "outperform" rating and a $18.00 target price on the stock. Finally, Daiwa America upgraded shares of Kanzhun to a "hold" rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Institutional Investors Weigh In On Kanzhun

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new position in Kanzhun in the second quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in shares of Kanzhun in the 2nd quarter worth $44,000. UMB Bank n.a. acquired a new stake in shares of Kanzhun during the third quarter worth $42,000. Van ECK Associates Corp bought a new stake in Kanzhun in the third quarter valued at about $61,000. Finally, Blue Trust Inc. lifted its stake in Kanzhun by 21.4% in the second quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock valued at $134,000 after buying an additional 1,347 shares during the period. 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.