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

CI&T Inc. (NYSE:CINT) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 80,000 shares, a decrease of 22.9% from the December 15th total of 103,800 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 58,900 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

CINT has been the topic of several recent research reports. Canaccord Genuity Group lifted their price target on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. UBS Group upped their price target on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, TD Cowen began coverage on shares of CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective on the stock. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in CI&T in the 2nd quarter valued at about $76,000. Itau Unibanco Holding S.A. bought a new stake in CI&T in the second quarter valued at approximately $2,264,000. Marshall Wace LLP lifted its position in shares of CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after buying an additional 65,457 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of CI&T by 12.5% during the 3rd 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 period. Finally, State Street Corp raised its stake 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. Institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

Shares of CINT opened at $6.08 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $6.45 and its 200 day simple moving average is $6.51. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The company has a market cap of $817.22 million, a price-to-earnings ratio of 46.77 and a beta of 1.16.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.