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

CI&T Inc. (NYSE:CINT) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 132,776 shares, an increase of 73.3% from the May 31st total of 76,606 shares. Based on an average daily volume of 272,309 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

CI&T Price Performance

NYSE:CINT opened at $3.63 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. CI&T has a 52 week low of $3.16 and a 52 week high of $6.10. The stock’s 50-day moving average price is $3.78 and its 200-day moving average price is $4.46. The stock has a market capitalization of $487.99 million, a PE ratio of 11.70 and a beta of 0.81.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $136.61 million for the quarter, compared to analysts’ expectations of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. As a group, equities analysts expect that CI&T will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in CI&T in the 1st quarter worth about $181,000. Lazard Asset Management LLC raised its holdings in shares of CI&T by 6.4% during the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after acquiring an additional 6,171 shares during the last quarter. R Squared Ltd raised its holdings in shares of CI&T by 24.1% during the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after acquiring an additional 6,707 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of CI&T in the first quarter valued at approximately $60,000. Finally, XTX Topco Ltd purchased a new position in shares of CI&T in the fourth quarter valued at approximately $287,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wedbush reduced their price objective on CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings downgraded CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Canaccord Genuity Group lifted their price target on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, UBS Group boosted their price target on CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.80.

About CI&T

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.