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

CI&T Inc. (NYSE:CINT) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 84,448 shares, a decline of 41.1% from the April 30th total of 143,487 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 118,970 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On CI&T

A number of large investors have recently modified their holdings of CINT. Cubist Systematic Strategies LLC grew its stake in shares of CI&T by 93.8% during the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after acquiring an additional 17,601 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of CI&T by 551.2% during the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after acquiring an additional 62,688 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of CI&T during the first quarter worth about $163,000. Acadian Asset Management LLC grew its stake in shares of CI&T by 47.7% during the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after acquiring an additional 29,200 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CINT shares. Weiss Ratings downgraded CI&T from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Canaccord Genuity Group lifted their price objective on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a report on Saturday. Wedbush reduced 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.80.

CI&T Stock Performance

Shares of CI&T stock opened at $4.13 on Tuesday. CI&T has a one year low of $3.16 and a one year high of $6.14. The company has a market capitalization of $555.14 million, a PE ratio of 13.31 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50-day simple moving average of $4.29 and a two-hundred day simple moving average of $4.59.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). CI&T had a return on equity of 13.19% and a net margin of 7.90%. Research analysts expect that CI&T will post 0.36 EPS for the current fiscal year.

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.