Kanzhun Limited (NASDAQ:BZ) Short Interest Down 5.4% in November

Kanzhun Limited (NASDAQ:BZ - Get Free Report) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 16,590,000 shares, a decrease of 5.4% from the November 15th total of 17,530,000 shares. Based on an average daily trading volume, of 4,830,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 4.8% of the company's stock are sold short.

Kanzhun Price Performance

Shares of NASDAQ:BZ traded up $0.10 during trading on Tuesday, hitting $13.91. 5,094,177 shares of the company were exchanged, compared to its average volume of 4,215,135. The firm's 50 day moving average price is $14.47 and its 200-day moving average price is $15.56. Kanzhun has a 12-month low of $10.57 and a 12-month high of $22.74. The stock has a market capitalization of $5.27 billion, a P/E ratio of 31.02 and a beta of 0.50.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.48% and a net margin of 20.65%. As a group, equities research analysts anticipate that Kanzhun will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BZ. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 1,347 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Kanzhun by 12.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 584,510 shares of the company's stock worth $10,995,000 after acquiring an additional 63,843 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Kanzhun by 265.8% in the second quarter. Bank of New York Mellon Corp now owns 1,326,817 shares of the company's stock valued at $24,957,000 after acquiring an additional 964,110 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Kanzhun during the second quarter worth about $772,000. Finally, Summit Securities Group LLC purchased a new position in Kanzhun during the second quarter worth about $44,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.