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

CI&T Inc. (NYSE:CINT) was the recipient of a large drop in short interest in 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. Based on an average trading volume of 167,599 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 167,599 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On CI&T

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CINT. Cubist Systematic Strategies LLC boosted its stake in shares of CI&T by 93.8% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares during the period. Jane Street Group LLC purchased a new stake in CI&T in the first quarter valued at approximately $163,000. Acadian Asset Management LLC lifted its position 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 purchasing an additional 29,200 shares in the last quarter. Finally, Herald Investment Management Ltd raised its stake in shares of CI&T by 26.8% in the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock valued at $2,682,000 after acquiring an additional 95,000 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CINT shares. Canaccord Genuity Group dropped their price objective on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. cut their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Zacks Research downgraded CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.20.

CI&T Stock Down 2.0%

Shares of CI&T stock traded down $0.10 on Friday, reaching $4.90. The company’s stock had a trading volume of 138,868 shares, compared to its average volume of 165,483. CI&T has a 52 week low of $3.98 and a 52 week high of $8.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $4.88. The company has a market capitalization of $659.93 million, a price-to-earnings ratio of 18.16 and a beta of 1.15.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a net margin of 7.83% and a return on equity of 12.42%. The business had revenue of $127.31 million for the quarter, compared to analysts’ expectations of $673.11 million. Equities analysts anticipate that CI&T will post 0.2 earnings per share for the current 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.