CI&T Inc. (NYSE:CINT) Short Interest Update

CI&T Inc. (NYSE:CINT) was the target of a significant 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. Based on an average trading volume of 58,900 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in CINT. XTX Topco Ltd purchased a new stake in shares of CI&T in the second quarter valued at approximately $76,000. Itau Unibanco Holding S.A. purchased a new stake in shares of CI&T during the 2nd quarter worth $2,264,000. Marshall Wace LLP grew its stake in shares of CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares during the period. GSA Capital Partners LLP lifted its stake in shares of CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after purchasing an additional 2,995 shares during the period. Finally, State Street Corp lifted its stake in shares of CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after purchasing an additional 15,083 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CINT. UBS Group lifted their target price on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Canaccord Genuity Group raised their price objective 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. Finally, TD Cowen assumed coverage on shares of CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 target price for the company. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.92.

CI&T Stock Performance

Shares of CI&T stock traded up $0.05 on Friday, reaching $6.37. 64,174 shares of the stock were exchanged, compared to its average volume of 42,940. 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 firm has a market capitalization of $855.52 million, a PE ratio of 48.97 and a beta of 1.16. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The business has a fifty day moving average price of $6.43 and a two-hundred day moving average price of $6.52.

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.