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

CI&T Inc. (NYSE:CINT) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 377,500 shares, a decrease of 12.4% from the July 15th total of 431,100 shares. Based on an average daily trading volume, of 109,800 shares, the short-interest ratio is presently 3.4 days. Currently, 1.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

CINT has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.00 to $6.00 in a research note on Thursday, May 23rd. Wedbush initiated coverage on shares of CI&T in a research report on Friday, May 24th. They set an “outperform” rating and a $5.00 price objective on the stock. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and boosted their target price for the company from $5.00 to $6.00 in a research report on Thursday, May 23rd. Finally, UBS Group assumed coverage on CI&T in a research note on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price target on the stock. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.30.

Institutional Trading of CI&T

A number of hedge funds have recently bought and sold shares of CINT. XTX Topco Ltd bought a new position in shares of CI&T during the 2nd quarter valued at approximately $76,000. Banco BTG Pactual S.A. grew its holdings in CI&T by 23.0% during the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares during the period. Marshall Wace LLP increased its position in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after buying an additional 65,457 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after buying an additional 7,047 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of CI&T during the 2nd quarter valued at $2,264,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Stock Up 0.6 %

CI&T stock traded up $0.04 during trading on Monday, hitting $7.26. 191,386 shares of the company were exchanged, compared to its average volume of 105,840. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $5.63 and its 200 day moving average is $4.71. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The company has a market capitalization of $975.83 million, a P/E ratio of 40.33 and a beta of 1.14.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $105.74 million during the quarter, compared to the consensus estimate of $103.88 million. CI&T had a net margin of 6.03% and a return on equity of 14.03%. Analysts predict that CI&T will post 0.2 earnings per share for the current year.

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.