Short Interest in CI&T Inc. (NYSE:CINT) Increases By 9.1%

CI&T Inc. (NYSE:CINTGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 280,200 shares, a growth of 9.1% from the February 29th total of 256,900 shares. Based on an average daily trading volume, of 92,300 shares, the short-interest ratio is currently 3.0 days. Approximately 1.5% of the company’s shares are sold short.

CI&T Stock Down 3.3 %

Shares of NYSE:CINT traded down $0.15 during mid-day trading on Wednesday, hitting $4.40. 14,988 shares of the company traded hands, compared to its average volume of 93,551. The stock has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $4.98. CI&T has a 12-month low of $3.34 and a 12-month high of $7.20. The stock has a market cap of $588.98 million, a P/E ratio of 20.68 and a beta of 1.04. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.45.

CI&T (NYSE:CINTGet Free Report) last announced its earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 7.11% and a return on equity of 15.96%. The company had revenue of $105.50 million during the quarter, compared to the consensus estimate of $107.56 million. On average, equities research analysts forecast that CI&T will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC bought a new stake in CI&T during the first quarter worth $644,000. Bank of America Corp DE boosted its holdings in shares of CI&T by 197.2% in the 1st quarter. Bank of America Corp DE now owns 229,350 shares of the company’s stock worth $3,674,000 after buying an additional 152,168 shares during the last quarter. LPL Financial LLC bought a new position in CI&T during the second quarter valued at about $168,000. Sei Investments Co. purchased a new stake in CI&T during the second quarter worth about $118,000. Finally, Citadel Advisors LLC bought a new stake in CI&T in the second quarter worth about $192,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on CI&T from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, March 18th. Canaccord Genuity Group started coverage on CI&T in a research note on Wednesday, December 6th. They issued a “hold” rating and a $5.50 target price for the company. Finally, Morgan Stanley restated an “equal weight” rating and set a $5.50 price objective (down previously from $6.00) on shares of CI&T in a report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.58.

Get Our Latest Stock Analysis on CINT

About CI&T

(Get Free Report)

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.

Recommended Stories

Receive News & Ratings for CI&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI&T and related companies with MarketBeat.com's FREE daily email newsletter.