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

CI&T Inc. (NYSE:CINT) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 245,115 shares, a growth of 61.0% from the January 29th total of 152,268 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 201,706 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 201,706 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CINT shares. Zacks Research downgraded shares of CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. 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. UBS Group set a $7.00 target price on shares of CI&T and gave the company a “buy” rating in a report on Wednesday, January 14th. Canaccord Genuity Group decreased their price target on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. lowered their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

CI&T Price Performance

NYSE CINT traded down $0.01 during trading hours on Friday, reaching $4.97. The company’s stock had a trading volume of 66,754 shares, compared to its average volume of 156,441. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40. The company’s 50-day moving average is $4.74 and its two-hundred day moving average is $4.81. CI&T has a fifty-two week low of $3.98 and a fifty-two week high of $7.28. The stock has a market cap of $669.36 million, a PE ratio of 18.41 and a beta of 1.16.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. acquired a new stake in shares of CI&T during the third quarter worth $56,000. Wedbush Securities Inc. purchased a new position in CI&T during the third quarter worth about $58,000. RPO LLC acquired a new stake in CI&T in the 4th quarter worth about $60,000. Russell Investments Group Ltd. boosted its stake 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 buying an additional 7,456 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in CI&T in the 3rd quarter valued at about $72,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

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.