Kanzhun Limited (NASDAQ:BZ) Short Interest Update

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

Institutional Investors Weigh In On Kanzhun

Several institutional investors and hedge funds have recently bought and sold shares of BZ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kanzhun by 812.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock worth $123,607,000 after buying an additional 6,339,911 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Kanzhun during the third quarter valued at $64,220,000. National Bank of Canada FI acquired a new stake in shares of Kanzhun in the 3rd quarter valued at $45,482,000. Nomura Asset Management Co. Ltd. increased its position in shares of Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock worth $40,378,000 after purchasing an additional 2,293,229 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in Kanzhun by 109.3% during the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock valued at $54,251,000 after purchasing an additional 1,649,411 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

BZ has been the subject of a number of research analyst reports. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $19.00 to $15.00 in a research report on Monday, December 9th. Citigroup cut their price objective 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 target price on the stock. Finally, Barclays upped their target price on Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Kanzhun currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Kanzhun Stock Performance

Shares of BZ opened at $14.69 on Tuesday. Kanzhun has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a market capitalization of $5.57 billion, a P/E ratio of 32.65 and a beta of 0.49. The company has a 50-day simple moving average of $13.70 and a 200-day simple moving average of $14.42.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share 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%. As a group, equities analysts forecast that Kanzhun will post 0.46 earnings per share for the current year.

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.