Short Interest in CI&T Inc. (NYSE:CINT) Decreases By 18.0%

CI&T Inc. (NYSE:CINT) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 154,986 shares, a decline of 18.0% from the December 15th total of 188,959 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 140,413 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 140,413 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Several research analysts recently commented on CINT shares. Canaccord Genuity Group lowered their target price on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. UBS Group set a $7.00 price objective on CI&T and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Finally, Zacks Research downgraded shares of CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.20.

CI&T Stock Up 0.1%

CINT stock opened at $4.74 on Monday. The stock has a market cap of $637.84 million, a P/E ratio of 17.54 and a beta of 1.15. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. CI&T has a twelve month low of $3.98 and a twelve month high of $8.00. The company’s 50 day moving average is $4.51 and its two-hundred day moving average is $4.93.

CI&T (NYSE:CINT) last posted its earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a net margin of 7.83% and a return on equity of 12.42%. The company had revenue of $127.31 million during the quarter, compared to analysts’ expectations of $673.11 million. Research analysts expect that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in shares of CI&T in the third quarter valued at approximately $56,000. Wedbush Securities Inc. purchased a new stake in CI&T in the 3rd quarter valued at $58,000. Russell Investments Group Ltd. boosted its stake in CI&T by 176.3% during 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 period. Centiva Capital LP acquired a new stake in CI&T during the 3rd quarter worth $72,000. Finally, Nipun Capital L.P. acquired a new position in CI&T in the second quarter valued at $111,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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.