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

CI&T Inc. (NYSE:CINT) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 152,268 shares, a growth of 66.6% from the January 15th total of 91,379 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 186,044 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 186,044 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Canaccord Genuity Group decreased their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. UBS Group set a $7.00 price target on shares of CI&T and gave the company a “buy” rating in a report on Wednesday, January 14th. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings raised 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.75.

CI&T Stock Up 0.4%

Shares of CINT opened at $4.96 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. CI&T has a 12 month low of $3.98 and a 12 month high of $7.50. The firm’s 50 day moving average is $4.69 and its 200-day moving average is $4.83. The stock has a market capitalization of $668.01 million, a PE ratio of 18.37 and a beta of 1.16.

Institutional Trading of CI&T

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC increased its position in shares of CI&T by 93.8% in the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after purchasing an additional 17,601 shares during the period. Goldman Sachs Group Inc. grew its stake in CI&T by 551.2% during the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after buying an additional 62,688 shares in the last quarter. Jane Street Group LLC bought a new position in CI&T in the 1st quarter valued at about $163,000. Acadian Asset Management LLC raised its position in shares of CI&T by 47.7% in the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock valued at $531,000 after buying an additional 29,200 shares in the last quarter. Finally, Aberdeen Group plc raised its position in shares of 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 buying an additional 210,370 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors.

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.