Kanzhun Limited (NASDAQ:BZ – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 17,370,000 shares, an increase of 22.5% from the August 15th total of 14,180,000 shares. Based on an average trading volume of 3,160,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 5.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. National Pension Service lifted its holdings in Kanzhun by 423.1% during the 2nd quarter. National Pension Service now owns 6,800 shares of the company’s stock worth $179,000 after buying an additional 5,500 shares during the last quarter. Centiva Capital LP purchased a new stake in Kanzhun during the 2nd quarter worth about $1,069,000. Goldman Sachs Group Inc. lifted its holdings in Kanzhun by 40.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,144,794 shares of the company’s stock worth $135,205,000 after buying an additional 1,487,391 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in Kanzhun during the 2nd quarter worth about $1,225,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Kanzhun during the 3rd quarter worth about $234,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Kanzhun Trading Down 0.3 %
BZ traded down $0.04 on Monday, hitting $15.08. 2,066,525 shares of the company were exchanged, compared to its average volume of 2,920,508. Kanzhun has a twelve month low of $9.74 and a twelve month high of $26.26. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 137.10 and a beta of 0.46. The firm has a 50-day moving average price of $15.87 and a two-hundred day moving average price of $16.68.
Analyst Upgrades and Downgrades
Kanzhun Company Profile
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.
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