CI&T Inc. (NYSE:CINT) Sees Significant Growth in Short Interest

CI&T Inc. (NYSE:CINT) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 132,776 shares, a growth of 73.3% from the May 31st total of 76,606 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 272,309 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On CI&T

A number of large investors have recently bought and sold shares of the company. Royce & Associates LP purchased a new position in CI&T during the 3rd quarter worth approximately $2,696,000. GMT Capital Corp purchased a new stake in shares of CI&T in the 4th quarter valued at $1,786,000. Jump Financial LLC purchased a new stake in shares of CI&T in the 2nd quarter valued at $185,000. Cubist Systematic Strategies LLC boosted its holdings in shares of CI&T by 93.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock valued at $217,000 after acquiring an additional 17,601 shares during the last quarter. Finally, Walleye Capital LLC increased its stake in shares of CI&T by 112.8% in the second quarter. Walleye Capital LLC now owns 36,727 shares of the company’s stock worth $219,000 after acquiring an additional 19,468 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Analysts Set New Price Targets

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

CI&T Stock Performance

Shares of NYSE CINT traded down $0.18 during mid-day trading on Thursday, hitting $3.72. The stock had a trading volume of 340,882 shares, compared to its average volume of 150,902. The firm has a market cap of $500.23 million, a PE ratio of 12.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day moving average of $3.82 and a two-hundred day moving average of $4.48. CI&T has a twelve month low of $3.16 and a twelve month high of $6.10.

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

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.