Kanzhun Limited (NASDAQ:BZ) Short Interest Up 33.1% in September

Kanzhun Limited (NASDAQ:BZ) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 19,840,000 shares, a growth of 33.1% from the September 15th total of 14,910,000 shares. Based on an average daily volume of 5,240,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 6.0% of the company’s stock are short sold.

Institutional Trading of Kanzhun

A number of institutional investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC bought a new position in shares of Kanzhun in the second quarter valued at approximately $25,000. Summit Securities Group LLC bought a new stake in Kanzhun in the 2nd quarter valued at $44,000. UMB Bank n.a. bought a new position in Kanzhun during the 3rd quarter valued at about $42,000. Blue Trust Inc. grew its holdings in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after acquiring an additional 1,347 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Kanzhun during the second quarter worth approximately $204,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Trading Up 0.4 %

Kanzhun stock traded up $0.06 during midday trading on Friday, hitting $17.00. 3,167,502 shares of the stock were exchanged, compared to its average volume of 4,180,829. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 43.59 and a beta of 0.52. The stock’s 50-day simple moving average is $14.26 and its 200 day simple moving average is $17.39. Kanzhun has a fifty-two week low of $10.57 and a fifty-two week high of $22.74.

Kanzhun (NASDAQ:BZ) last announced its earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $263.75 million for the quarter, compared to analysts’ expectations of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. Equities analysts anticipate that Kanzhun will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BZ has been the subject of several recent research reports. Barclays decreased their price objective on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Daiwa Capital Markets cut Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Daiwa America raised shares of Kanzhun to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Kanzhun has an average rating of “Moderate Buy” and a consensus target price of $23.40.

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.