CI&T Inc. (NYSE:CINT – Get Free Report) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 77,500 shares, a decline of 11.3% from the November 15th total of 87,400 shares. Based on an average daily trading volume, of 63,400 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the company are short sold.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group increased their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Citigroup boosted their target price on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. TD Cowen assumed coverage on CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 target price on the stock. UBS Group boosted their price target on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.68.
View Our Latest Research Report on CINT
Institutional Investors Weigh In On CI&T
CI&T Stock Down 2.1 %
Shares of CINT traded down $0.13 during midday trading on Tuesday, hitting $6.16. The company had a trading volume of 51,849 shares, compared to its average volume of 91,537. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. 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 stock has a market cap of $827.98 million, a price-to-earnings ratio of 47.38 and a beta of 1.14. The company’s 50 day moving average price is $6.84 and its 200 day moving average price is $6.34.
About CI&T
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.
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