Kanzhun Limited (NASDAQ:BZ) Short Interest Update

Kanzhun Limited (NASDAQ:BZ - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 16,600,000 shares, a decrease of 6.9% from the January 15th total of 17,830,000 shares. Approximately 4.8% of the shares of the stock are short sold. Based on an average daily volume of 3,840,000 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Trading of Kanzhun

Several hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after buying an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Kanzhun during the third quarter worth approximately $61,000. China Universal Asset Management Co. Ltd. purchased a new stake in Kanzhun during the fourth quarter worth approximately $63,000. Finally, Townsquare Capital LLC purchased a new position in Kanzhun in the fourth quarter valued at approximately $157,000. Institutional investors and hedge funds own 60.67% of the company's stock.

Analysts Set New Price Targets

BZ has been the topic of several research reports. CLSA assumed coverage on Kanzhun in a research report on Monday, November 18th. They issued an "outperform" rating and a $18.00 target price on the stock. Barclays upped their target price on shares of Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Sanford C. Bernstein downgraded shares of Kanzhun from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Monday, December 9th. Finally, Citigroup dropped their price objective on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, November 29th. Four research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Kanzhun Trading Up 2.3 %

BZ traded up $0.36 during trading hours on Friday, hitting $16.00. 6,052,992 shares of the company's stock were exchanged, compared to its average volume of 3,501,467. Kanzhun has a 12-month low of $10.57 and a 12-month high of $22.74. The firm has a market cap of $6.09 billion, a P/E ratio of 35.56 and a beta of 0.49. The firm has a 50 day moving average of $14.47 and a 200 day moving average of $14.34.

Kanzhun (NASDAQ:BZ - Get Free Report) last released its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. As a group, research analysts expect that Kanzhun will post 0.46 EPS for the current fiscal year.

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.