Short Interest in CI&T Inc. (NYSE:CINT) Declines By 13.9%

CI&T Inc. (NYSE:CINT) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 281,663 shares, a drop of 13.9% from the February 26th total of 327,068 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 109,767 shares, the short-interest ratio is currently 2.6 days.

CI&T Trading Down 0.7%

Shares of CINT stock opened at $5.03 on Thursday. The company has a market capitalization of $677.34 million, a P/E ratio of 16.78 and a beta of 1.10. The firm has a 50-day moving average price of $5.04 and a 200 day moving average price of $4.79. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. CI&T has a 12-month low of $3.98 and a 12-month high of $7.09.

CI&T (NYSE:CINT) last posted its earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. The company had revenue of $69.07 million during the quarter. Research analysts forecast that CI&T will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CINT shares. Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. UBS Group raised their price target on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Canaccord Genuity Group boosted their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. cut their price objective on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and two have assigned 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 $6.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its holdings in CI&T by 93.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after buying an additional 17,601 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares during the period. Jane Street Group LLC acquired a new stake in shares of CI&T in the 1st quarter valued at $163,000. Acadian Asset Management LLC raised its position in shares of CI&T by 47.7% during the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after acquiring an additional 29,200 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of CI&T by 24,544.5% during the second quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock valued at $8,720,000 after acquiring an additional 1,454,751 shares during the period. Institutional investors own 92.45% of the company’s stock.

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.