CI&T Inc. (NYSE:CINT) Sees Large Decrease in Short Interest

CI&T Inc. (NYSE:CINT) saw a significant drop in short interest during 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. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 167,599 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 167,599 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Analyst Ratings Changes

CINT has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Wall Street Zen downgraded shares of 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 research note on Wednesday, January 14th. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.20.

CI&T Stock Down 2.8%

Shares of CINT traded down $0.14 during midday trading on Friday, reaching $4.86. 350,117 shares of the stock were exchanged, compared to its average volume of 168,690. The company has a market capitalization of $654.54 million, a P/E ratio of 18.00 and a beta of 1.16. 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 has a 52 week low of $3.98 and a 52 week high of $8.00. The company’s 50 day moving average is $4.61 and its two-hundred day moving average is $4.87.

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 business had revenue of $127.31 million during the quarter, compared to analysts’ expectations of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. On average, sell-side analysts anticipate that CI&T will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. bought a new stake in CI&T during the 3rd quarter valued at $56,000. Wedbush Securities Inc. bought a new position in shares of CI&T in the 3rd quarter worth $58,000. Russell Investments Group Ltd. lifted its stake in shares of CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares during the last quarter. Centiva Capital LP bought a new stake in CI&T during the third quarter valued at about $72,000. Finally, Nipun Capital L.P. purchased a new position in CI&T in the second quarter valued at about $111,000. Institutional investors own 92.45% of the company’s stock.

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.