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

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

CI&T Stock Up 2.8 %

NYSE CINT traded up $0.18 during mid-day trading on Friday, reaching $6.43. The stock had a trading volume of 116,639 shares, compared to its average volume of 92,033. The stock has a market cap of $863.60 million, a PE ratio of 49.43 and a beta of 1.18. CI&T has a 1 year low of $3.34 and a 1 year high of $8.04. 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 company has a fifty day moving average price of $6.82 and a 200 day moving average price of $6.76.

CI&T (NYSE:CINTGet Free Report) last posted its quarterly 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). CI&T had a return on equity of 9.55% and a net margin of 4.39%. The business had revenue of $112.34 million during the quarter, compared to analysts’ expectations of $646.68 million. On average, research analysts expect that CI&T will post 0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

CINT has been the topic of several research reports. TD Cowen began coverage on CI&T in a research report on Friday, December 6th. They set a “buy” rating and a $9.00 price target on the stock. 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 report on Monday, November 18th. UBS Group lifted their price target on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Wedbush set a $9.00 price objective on shares of CI&T in a report on Monday, February 3rd. Four 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.37.

Check Out Our Latest Stock Analysis on CI&T

Hedge Funds Weigh In On CI&T

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in shares of CI&T in the fourth quarter worth approximately $3,036,000. BW Gestao de Investimentos Ltda. grew its position in CI&T by 20.8% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company’s stock worth $16,387,000 after purchasing an additional 464,529 shares during the period. Renaissance Technologies LLC raised its stake in CI&T by 110.0% during the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock valued at $678,000 after buying an additional 58,500 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of CI&T by 134.4% during the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock valued at $535,000 after buying an additional 50,543 shares during the period. Finally, WCM Investment Management LLC boosted its stake in shares of CI&T by 3.2% in the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after buying an additional 45,574 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

(Get Free Report)

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.

Further Reading

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