CI&T Inc. (NYSE:CINT) Short Interest Update

CI&T Inc. (NYSE:CINT) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 192,000 shares, an increase of 72.7% from the February 13th total of 111,200 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 92,400 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

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

CI&T Stock Performance

CINT opened at $6.43 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $863.60 million, a PE ratio of 49.43 and a beta of 1.18. The stock has a 50-day moving average of $6.82 and a 200-day moving average of $6.76. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.36). CI&T had a net margin of 4.39% and a return on equity of 9.55%. The company had revenue of $112.34 million for the quarter, compared to analyst estimates of $646.68 million. As a group, equities research analysts forecast that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CINT. Bank of New York Mellon Corp acquired a new position in CI&T in the 4th quarter valued at $3,036,000. BW Gestao de Investimentos Ltda. grew its stake in CI&T by 20.8% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company’s stock valued at $16,387,000 after buying an additional 464,529 shares during the last quarter. Renaissance Technologies LLC grew its stake in CI&T by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock valued at $678,000 after buying an additional 58,500 shares during the last quarter. Marshall Wace LLP grew its stake in CI&T by 134.4% in the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock valued at $535,000 after buying an additional 50,543 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in CI&T by 3.2% in the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after buying an additional 45,574 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.