CI&T Inc. (NYSE:CINT) Short Interest Up 33.4% in February

CI&T Inc. (NYSE:CINT) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 327,068 shares, a growth of 33.4% from the February 12th total of 245,115 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 92,045 shares, the short-interest ratio is presently 3.6 days. Based on an average daily volume of 92,045 shares, the short-interest ratio is presently 3.6 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. UBS Group lifted their price target on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen raised CI&T from a “hold” rating to a “buy” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.78.

CI&T Stock Performance

Shares of CINT opened at $5.52 on Tuesday. The company has a market capitalization of $742.89 million, a PE ratio of 18.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 1.34. The company’s 50 day moving average price is $4.93 and its 200 day moving average price is $4.80. CI&T has a 52 week low of $3.98 and a 52 week high of $7.09.

Hedge Funds Weigh In On CI&T

A number of hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of CI&T by 6.4% during the fourth quarter. State Street Corp now owns 62,242 shares of the company’s stock worth $253,000 after acquiring an additional 3,719 shares in the last quarter. Franklin Resources Inc. grew its stake in CI&T by 45.7% in the fourth quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock valued at $65,000 after purchasing an additional 4,983 shares in the last quarter. Wedbush Securities Inc. grew its stake in CI&T by 50.6% in the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after purchasing an additional 5,700 shares in the last quarter. Russell Investments Group Ltd. increased its position in CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares during the last quarter. Finally, Jane Street Group LLC increased its position in CI&T by 41.3% in the 4th quarter. Jane Street Group LLC now owns 38,497 shares of the company’s stock worth $157,000 after purchasing an additional 11,248 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

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.