Kanzhun Limited (NASDAQ:BZ – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 8,630,000 shares, a drop of 9.1% from the August 15th total of 9,490,000 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 4,140,000 shares, the short-interest ratio is presently 2.1 days.
Institutional Trading of Kanzhun
Several large investors have recently modified their holdings of the company. Atlas Capital Advisors LLC acquired a new position in Kanzhun during the 2nd quarter valued at $25,000. Blue Trust Inc. boosted its position in Kanzhun by 21.4% in the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after buying an additional 1,347 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Kanzhun by 6.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock worth $565,000 after buying an additional 1,977 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Kanzhun during the second quarter worth approximately $44,000. Finally, DNB Asset Management AS raised its stake in shares of Kanzhun by 21.7% in the second quarter. DNB Asset Management AS now owns 17,544 shares of the company’s stock valued at $330,000 after acquiring an additional 3,123 shares during the last quarter. 60.67% of the stock is owned by institutional investors.
Kanzhun Price Performance
Shares of NASDAQ BZ traded down $0.34 during trading hours on Wednesday, hitting $12.10. 1,574,456 shares of the stock were exchanged, compared to its average volume of 3,883,778. The company’s 50 day moving average is $13.92 and its 200 day moving average is $17.62. The firm has a market capitalization of $4.60 billion, a P/E ratio of 31.03 and a beta of 0.47. Kanzhun has a one year low of $10.57 and a one year high of $22.74.
Analysts Set New Price Targets
Read Our Latest Analysis on BZ
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.
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