CI&T Inc. (NYSE:CINT) Short Interest Down 18.0% in December

CI&T Inc. (NYSE:CINT) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 154,986 shares, a decline of 18.0% from the December 15th total of 188,959 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 140,413 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 140,413 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are sold short.

CI&T Stock Performance

Shares of CINT opened at $4.74 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. CI&T has a 52-week low of $3.98 and a 52-week high of $8.00. The company has a 50-day simple moving average of $4.51 and a 200-day simple moving average of $4.93. The company has a market capitalization of $637.84 million, a PE ratio of 17.54 and a beta of 1.15.

CI&T (NYSE:CINT) last issued its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). CI&T had a return on equity of 12.42% and a net margin of 7.83%.The company had revenue of $127.31 million for the quarter, compared to analyst estimates of $673.11 million. Equities research analysts predict that CI&T will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CINT has been the topic of several analyst reports. UBS Group set a $7.00 target price on CI&T and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Canaccord Genuity Group reduced their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CI&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.20.

Hedge Funds Weigh In On CI&T

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BW Gestao de Investimentos Ltda. boosted its position in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after purchasing an additional 242,811 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of CI&T by 24,544.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock worth $8,720,000 after buying an additional 1,454,751 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of CI&T in the 3rd quarter worth about $2,696,000. Aberdeen Group plc grew its stake in CI&T by 74.5% in the 2nd quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after acquiring an additional 210,370 shares during the last quarter. Finally, Herald Investment Management Ltd grew its stake in CI&T by 26.8% in the 2nd quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock valued at $2,682,000 after acquiring an additional 95,000 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

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.