CI&T Inc. (NYSE:CINT) Sees Significant Decline in Short Interest

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

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. acquired a new stake in CI&T in the 3rd quarter valued at approximately $56,000. Wedbush Securities Inc. bought a new position in shares of CI&T in the third quarter worth $58,000. Russell Investments Group Ltd. increased its holdings in shares of CI&T by 176.3% during the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after purchasing an additional 7,456 shares during the period. Centiva Capital LP bought a new stake in shares of CI&T during the third quarter valued at about $72,000. Finally, Nipun Capital L.P. bought a new stake in shares of CI&T during the second quarter valued at about $111,000. 92.45% of the stock is owned by institutional investors.

CI&T Stock Performance

CINT stock traded down $0.31 during mid-day trading on Tuesday, reaching $4.42. The company had a trading volume of 96,496 shares, compared to its average volume of 155,858. CI&T has a one year low of $3.98 and a one year high of $8.00. The stock has a market capitalization of $595.29 million, a P/E ratio of 16.37 and a beta of 1.15. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $4.51 and its two-hundred day simple moving average is $4.93.

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

Analyst Ratings Changes

Several research analysts have commented on the company. Canaccord Genuity Group cut their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group set a $7.00 price target on 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 note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.