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Kanzhun Limited (NASDAQ:BZ) Short Interest Update

Kanzhun logo with Computer and Technology background

Kanzhun Limited (NASDAQ:BZ - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 17,880,000 shares, a growth of 8.1% from the December 31st total of 16,540,000 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average daily trading volume, of 3,940,000 shares, the short-interest ratio is currently 4.5 days.

Kanzhun Trading Up 4.4 %

BZ traded up $0.65 during midday trading on Friday, hitting $15.41. 2,803,188 shares of the company traded hands, compared to its average volume of 2,898,314. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 34.25 and a beta of 0.49. The business has a 50 day simple moving average of $14.12 and a two-hundred day simple moving average of $14.21. Kanzhun has a 52-week low of $10.57 and a 52-week high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates 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 anticipate that Kanzhun will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BZ. Barclays boosted their price objective on Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, December 9th. CLSA started coverage on Kanzhun in a research report on Monday, November 18th. They issued an "outperform" rating and a $18.00 price objective on the stock. Citigroup cut their target price on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a report on Friday, November 29th. Finally, Sanford C. Bernstein downgraded shares of 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 report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

Check Out Our Latest Research Report on Kanzhun

Institutional Trading of Kanzhun

Several large investors have recently made changes to their positions in the company. UMB Bank n.a. acquired a new stake in Kanzhun during the 3rd quarter worth $42,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Kanzhun by 3,918.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,648,976 shares of the company's stock worth $28,626,000 after buying an additional 1,607,941 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Kanzhun during the third quarter worth about $64,220,000. abrdn plc grew its stake in Kanzhun by 36.0% during the 3rd quarter. abrdn plc now owns 191,068 shares of the company's stock valued at $3,344,000 after acquiring an additional 50,598 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in Kanzhun in the 3rd quarter valued at about $61,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Company Profile

(Get Free Report)

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.

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