Short Interest in Kanzhun Limited (NASDAQ:BZ) Expands By 12.9%

Kanzhun Limited (NASDAQ:BZ - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 14,570,000 shares, a growth of 12.9% from the April 15th total of 12,910,000 shares. Based on an average trading volume of 3,790,000 shares, the short-interest ratio is currently 3.8 days. Currently, 4.4% of the company's shares are sold short.

Kanzhun Stock Performance

Kanzhun stock traded up $0.32 during trading on Wednesday, reaching $21.64. The company had a trading volume of 8,012,099 shares, compared to its average volume of 3,608,399. The firm has a market capitalization of $8.13 billion, a PE ratio of 64.49 and a beta of 0.50. The firm's 50-day simple moving average is $19.08 and its 200 day simple moving average is $16.62. Kanzhun has a 1-year low of $12.57 and a 1-year high of $21.68.

Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $222.57 million during 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%. Analysts anticipate that Kanzhun will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Kanzhun by 1.6% during the first quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company's stock worth $225,711,000 after buying an additional 203,594 shares in the last quarter. Brilliance Asset Management Ltd. grew its holdings in Kanzhun by 1.5% during the 4th quarter. Brilliance Asset Management Ltd. now owns 10,101,933 shares of the company's stock worth $167,793,000 after acquiring an additional 153,010 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Kanzhun by 21.8% in the 4th quarter. Wellington Management Group LLP now owns 6,976,129 shares of the company's stock valued at $115,874,000 after purchasing an additional 1,247,997 shares during the last quarter. Norges Bank acquired a new stake in shares of Kanzhun in the 4th quarter valued at $98,023,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Kanzhun by 21.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company's stock worth $82,688,000 after purchasing an additional 877,342 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BZ shares. Macquarie raised shares of Kanzhun from a "neutral" rating to an "outperform" rating in a report on Tuesday, March 12th. New Street Research upgraded Kanzhun from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $17.00 to $25.00 in a research note 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 note on Wednesday, March 13th. Finally, TheStreet raised shares of Kanzhun from a "d+" rating to a "c-" rating in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Kanzhun presently has an average rating of "Moderate Buy" and a consensus price target of $20.38.

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.