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

CI&T Inc. (NYSE:CINT) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 80,000 shares, a decline of 22.9% from the December 15th total of 103,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 58,900 shares, the short-interest ratio is presently 1.4 days.

CI&T Price Performance

CINT traded up $0.05 on Friday, reaching $6.37. 64,174 shares of the company’s stock were exchanged, compared to its average volume of 42,940. The stock has a market cap of $855.52 million, a PE ratio of 48.97 and a beta of 1.16. The stock’s fifty day moving average price is $6.43 and its 200-day moving average price is $6.52. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

Analyst Ratings Changes

Several research firms have recently commented on CINT. UBS Group upped their price objective on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. TD Cowen began coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Canaccord Genuity Group increased their price target 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. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.92.

Institutional Investors Weigh In On CI&T

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of CI&T during the 2nd quarter valued at approximately $2,264,000. Marshall Wace LLP boosted its stake in CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after buying an additional 65,457 shares during the period. State Street Corp increased its position in shares of CI&T by 28.8% during the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after acquiring an additional 15,083 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after acquiring an additional 2,995 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of CI&T in the 3rd quarter worth approximately $108,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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.