CI&T Inc. (NYSE:CINT) Short Interest Update

CI&T Inc. (NYSE:CINT) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 152,268 shares, a growth of 66.6% from the January 15th total of 91,379 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 186,044 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 186,044 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group set a $7.00 price target on shares of CI&T and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Finally, Canaccord Genuity Group dropped their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.75.

CI&T Price Performance

Shares of NYSE:CINT opened at $4.96 on Friday. The company has a market capitalization of $668.01 million, a PE ratio of 18.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day moving average of $4.69 and a 200-day moving average of $4.84. CI&T has a one year low of $3.98 and a one year high of $7.50.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). CI&T had a return on equity of 12.42% and a net margin of 7.83%.The firm had revenue of $127.31 million during the quarter, compared to analyst estimates of $673.11 million. As a group, equities analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of CI&T by 24,544.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock valued at $8,720,000 after buying an additional 1,454,751 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in CI&T during the second quarter valued at $439,000. Aberdeen Group plc grew its stake in CI&T by 74.5% in the second quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after purchasing an additional 210,370 shares in the last quarter. Nipun Capital L.P. acquired a new position in CI&T in the 2nd quarter worth about $111,000. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of CI&T during the 3rd quarter worth about $309,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.