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

CI&T Inc. (NYSE:CINT) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 111,200 shares, an increase of 55.3% from the January 31st total of 71,600 shares. Based on an average daily volume of 88,900 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On CI&T

A number of institutional investors and hedge funds have recently modified their holdings of CINT. GSA Capital Partners LLP raised its stake in CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after buying an additional 2,995 shares in the last quarter. State Street Corp raised its position in shares of CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after acquiring an additional 15,083 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of CI&T during the 3rd quarter worth about $108,000. Verde Servicos Internacionais S.A. purchased a new stake in CI&T during the fourth quarter worth approximately $152,000. Finally, WCM Investment Management LLC boosted its holdings in CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after purchasing an additional 45,574 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CINT shares. Canaccord Genuity Group raised their price target on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. UBS Group raised their target price on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Wedbush set a $9.00 price target on shares of CI&T in a research report on Monday, February 3rd. Finally, TD Cowen started coverage on shares of CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 target price on the stock. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CI&T presently has an average rating of “Moderate Buy” and an average price target of $8.37.

CI&T Stock Down 1.0 %

NYSE CINT traded down $0.07 on Monday, hitting $7.09. 123,596 shares of the stock were exchanged, compared to its average volume of 113,830. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The company has a 50-day moving average price of $6.69 and a 200-day moving average price of $6.78. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $952.98 million, a PE ratio of 54.54 and a beta of 1.19.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.