CI&T Inc. (NYSE:CINT) Short Interest Down 13.9% in March

CI&T Inc. (NYSE:CINT) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 281,663 shares, a drop of 13.9% from the February 26th total of 327,068 shares. Based on an average daily volume of 109,767 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

Several analysts have weighed in on CINT shares. Canaccord Genuity Group boosted their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. Finally, UBS Group increased their price objective on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in CI&T in the 4th quarter worth about $287,000. Lazard Asset Management LLC raised its holdings in shares of CI&T by 41.2% during the fourth quarter. Lazard Asset Management LLC now owns 96,571 shares of the company’s stock valued at $393,000 after buying an additional 28,162 shares during the last quarter. RPO LLC bought a new stake in shares of CI&T during the fourth quarter valued at approximately $60,000. Jump Financial LLC acquired a new position in shares of CI&T during the fourth quarter worth approximately $156,000. Finally, Squarepoint Ops LLC boosted its position in shares of CI&T by 60.7% during the fourth quarter. Squarepoint Ops LLC now owns 34,724 shares of the company’s stock worth $141,000 after buying an additional 13,115 shares during the period. 92.45% of the stock is owned by institutional investors and hedge funds.

CI&T Stock Performance

CINT traded down $0.03 during trading on Wednesday, reaching $5.04. 1,659 shares of the company were exchanged, compared to its average volume of 136,923. CI&T has a 52 week low of $3.98 and a 52 week high of $7.09. The company has a current ratio of 1.34, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $5.03 and a 200 day moving average of $4.79. The stock has a market cap of $678.28 million, a P/E ratio of 16.80 and a beta of 1.15.

CI&T (NYSE:CINT) last posted its earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. CI&T had a return on equity of 13.46% and a net margin of 8.30%.The company had revenue of $69.07 million for the quarter. On average, sell-side analysts forecast that CI&T will post 0.2 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.