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

CI&T Inc. (NYSE:CINT) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 91,379 shares, a drop of 41.0% from the December 31st total of 154,986 shares. Based on an average daily volume of 167,599 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 167,599 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On CI&T

Hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new position in CI&T during the 4th quarter worth approximately $113,000. Merit Financial Group LLC acquired a new stake in shares of CI&T in the fourth quarter worth $204,000. Millennium Management LLC boosted its position in shares of CI&T by 119.0% in the third quarter. Millennium Management LLC now owns 70,780 shares of the company’s stock worth $365,000 after buying an additional 38,460 shares during the period. Citadel Advisors LLC grew its holdings in shares of CI&T by 34.1% during the third quarter. Citadel Advisors LLC now owns 180,926 shares of the company’s stock valued at $932,000 after buying an additional 46,031 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in CI&T during the third quarter valued at $72,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

Shares of NYSE CINT traded down $0.14 during midday trading on Friday, reaching $4.86. The company’s stock had a trading volume of 350,117 shares, compared to its average volume of 159,316. CI&T has a one year low of $3.98 and a one year high of $8.00. The company has a market cap of $654.54 million, a price-to-earnings ratio of 18.52 and a beta of 1.15. The company has a 50 day moving average price of $4.61 and a 200 day moving average price of $4.87. 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 (NYSE:CINT) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.07 earnings per share (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 business had revenue of $127.31 million during the quarter, compared to analyst estimates of $673.11 million. On average, equities research analysts expect that CI&T will post 0.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group decreased their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. decreased their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. UBS Group set a $7.00 price objective on shares of CI&T and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, CI&T has an average rating of “Moderate Buy” and a consensus price target of $7.20.

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.