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

CI&T Inc. (NYSE:CINT) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 245,115 shares, an increase of 61.0% from the January 29th total of 152,268 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 201,706 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 201,706 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On CI&T

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in CI&T during the 4th quarter worth approximately $287,000. Lazard Asset Management LLC lifted its holdings in shares of CI&T by 41.2% in the 4th quarter. Lazard Asset Management LLC now owns 96,571 shares of the company’s stock valued at $393,000 after buying an additional 28,162 shares during the period. RPO LLC purchased a new stake in shares of CI&T in the fourth quarter valued at approximately $60,000. Jump Financial LLC purchased a new stake in shares of CI&T in the fourth quarter valued at approximately $156,000. Finally, Squarepoint Ops LLC grew its holdings in CI&T by 60.7% during the fourth quarter. Squarepoint Ops LLC now owns 34,724 shares of the company’s stock worth $141,000 after acquiring an additional 13,115 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Performance

CINT traded down $0.01 during trading on Friday, hitting $4.97. The stock had a trading volume of 66,754 shares, compared to its average volume of 156,441. The firm has a market capitalization of $669.36 million, a P/E ratio of 18.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40. CI&T has a twelve month low of $3.98 and a twelve month high of $7.28. The company’s 50-day moving average price is $4.74 and its 200 day moving average price is $4.81.

Wall Street Analysts Forecast Growth

CINT has been the subject of several research reports. Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. UBS Group set a $7.00 price objective on CI&T and gave the company a “buy” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Canaccord Genuity Group reduced their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, Zacks Research cut shares of CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CI&T has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

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.