Short Interest in CI&T Inc. (NYSE:CINT) Expands By 72.7%

CI&T Inc. (NYSE:CINT) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 192,000 shares, an increase of 72.7% from the February 13th total of 111,200 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 92,400 shares, the short-interest ratio is currently 2.1 days.

Analysts Set New Price Targets

Several research firms have weighed in on CINT. TD Cowen initiated coverage on CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 target price for the company. Canaccord Genuity Group upped their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Wedbush set a $9.00 target price on shares of CI&T in a report on Monday, February 3rd. Finally, UBS Group boosted their price target on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CI&T has a consensus rating of “Moderate Buy” and an average price target of $8.37.

CI&T Stock Up 2.8 %

CI&T stock opened at $6.43 on Friday. The stock has a market cap of $863.60 million, a PE ratio of 49.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The stock’s fifty day moving average is $6.82 and its two-hundred day moving average is $6.77. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04.

CI&T (NYSE:CINT) last issued its earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.36). The business had revenue of $112.34 million for the quarter, compared to analyst estimates of $646.68 million. CI&T had a return on equity of 9.55% and a net margin of 4.39%. On average, sell-side analysts expect that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its position in shares of CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after acquiring an additional 2,995 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock worth $114,000 after purchasing an additional 8,459 shares during the last quarter. Stifel Financial Corp acquired a new position in CI&T in the fourth quarter valued at $68,000. State Street Corp increased its position in CI&T by 28.8% in the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after acquiring an additional 15,083 shares during the period. Finally, Virtu Financial LLC purchased a new stake in CI&T during the 3rd quarter valued at approximately $108,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.