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

CI&T Inc. (NYSE:CINT) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 84,448 shares, a drop of 41.1% from the April 30th total of 143,487 shares. Based on an average daily volume of 118,970 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

CI&T Stock Up 13.3%

NYSE:CINT opened at $4.13 on Tuesday. CI&T has a twelve month low of $3.16 and a twelve month high of $6.14. The company has a market cap of $555.14 million, a price-to-earnings ratio of 13.31 and a beta of 0.80. The stock has a fifty day simple moving average of $4.29 and a 200-day simple moving average of $4.59. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18.

CI&T (NYSE:CINT) last released its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). CI&T had a return on equity of 13.19% and a net margin of 7.90%. Analysts anticipate that CI&T will post 0.36 EPS for the current year.

Institutional Trading of CI&T

Several institutional investors and hedge funds have recently made changes to their positions in CINT. State Street Corp raised its holdings in shares of CI&T by 6.4% in the fourth quarter. State Street Corp now owns 62,242 shares of the company’s stock valued at $253,000 after acquiring an additional 3,719 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of CI&T by 45.7% in the fourth quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock valued at $65,000 after acquiring an additional 4,983 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of CI&T by 50.6% in the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after acquiring an additional 5,700 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of CI&T by 6.4% in the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after acquiring an additional 6,171 shares in the last quarter. Finally, R Squared Ltd raised its holdings in shares of CI&T by 24.1% in the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after acquiring an additional 6,707 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CINT shares. Wedbush cut their target price on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. UBS Group lifted their price objective on shares of CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Weiss Ratings lowered shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.80.

About CI&T

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.