CI&T Inc. (NYSE:CINT) Short Interest Up 73.3% in June

CI&T Inc. (NYSE:CINT) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 132,776 shares, an increase of 73.3% from the May 31st total of 76,606 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 272,309 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. purchased a new stake in shares of CI&T in the third quarter worth approximately $56,000. Russell Investments Group Ltd. increased its stake in CI&T by 176.3% in the second 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 period. Janney Montgomery Scott LLC bought a new stake in shares of CI&T during the first quarter worth $60,000. Centiva Capital LP bought a new stake in shares of CI&T during the third quarter worth $72,000. Finally, RPO LLC purchased a new stake in shares of CI&T during the fourth quarter valued at $60,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings cut CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. UBS Group increased their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Canaccord Genuity Group boosted their price objective on CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, Wedbush decreased their price objective on CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.80.

CI&T Trading Down 4.7%

Shares of CINT traded down $0.18 during midday trading on Thursday, hitting $3.72. The stock had a trading volume of 340,882 shares, compared to its average volume of 150,902. CI&T has a 1 year low of $3.16 and a 1 year high of $6.10. The firm has a market cap of $500.23 million, a PE ratio of 12.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s 50 day moving average is $3.82 and its 200 day moving average is $4.48.

CI&T (NYSE:CINT) last released its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $136.61 million during the quarter, compared to the consensus estimate of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. As a group, analysts forecast that CI&T will post 0.34 EPS for the current fiscal year.

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.