Kanzhun Limited (NASDAQ:BZ) Short Interest Update

Kanzhun Limited (NASDAQ:BZ - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 13,360,000 shares, a decline of 11.8% from the March 15th total of 15,150,000 shares. Based on an average daily volume of 3,410,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 4.0% of the company's stock are short sold.

Kanzhun Stock Down 2.6 %

BZ traded down $0.50 during trading hours on Friday, hitting $18.74. The stock had a trading volume of 2,993,953 shares, compared to its average volume of 3,719,426. The stock has a market cap of $7.03 billion, a PE ratio of 56.79 and a beta of 0.59. Kanzhun has a 1 year low of $12.57 and a 1 year high of $21.32. The company's fifty day simple moving average is $17.09 and its 200 day simple moving average is $15.98.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $222.57 million for the quarter, compared to analyst estimates of $215.66 million. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. As a group, equities analysts expect that Kanzhun will post 0.42 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BZ shares. New Street Research raised shares of Kanzhun from a "neutral" rating to a "buy" rating and raised their price target for the company from $17.00 to $25.00 in a research report on Wednesday, March 13th. Barclays lifted their target price on Kanzhun from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 13th. TheStreet raised Kanzhun from a "d+" rating to a "c-" rating in a research report on Wednesday, March 13th. Finally, Macquarie upgraded Kanzhun from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.38.

Institutional Investors Weigh In On Kanzhun

Several institutional investors have recently made changes to their positions in BZ. National Pension Service lifted its holdings in shares of Kanzhun by 423.1% in the second quarter. National Pension Service now owns 6,800 shares of the company's stock worth $179,000 after buying an additional 5,500 shares in the last quarter. Centiva Capital LP purchased a new stake in Kanzhun in the 2nd quarter worth approximately $1,069,000. Goldman Sachs Group Inc. boosted its holdings in Kanzhun by 40.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,144,794 shares of the company's stock valued at $135,205,000 after purchasing an additional 1,487,391 shares during the period. ExodusPoint Capital Management LP purchased a new position in shares of Kanzhun during the 2nd quarter valued at $1,225,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Kanzhun in the third quarter worth $234,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

About Kanzhun

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.