CI&T Inc. (NYSE:CINT) Short Interest Down 22.9% in January

CI&T Inc. (NYSE:CINT) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 80,000 shares, a drop of 22.9% from the December 31st total of 103,800 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 58,900 shares, the short-interest ratio is currently 1.4 days.

CI&T Trading Up 0.9 %

NYSE CINT opened at $6.96 on Friday. The company has a fifty day simple moving average of $6.42 and a two-hundred day simple moving average of $6.61. The stock has a market cap of $935.49 million, a P/E ratio of 53.54 and a beta of 1.16. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39.

Analyst Upgrades and Downgrades

CINT has been the topic of a number of recent research reports. Canaccord Genuity Group increased their price objective on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. TD Cowen initiated coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price for the company. Finally, UBS Group raised their target price on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Four 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CINT. WCM Investment Management LLC raised its holdings in shares of CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after purchasing an additional 45,574 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new position in shares of CI&T during the fourth quarter worth $152,000. Virtu Financial LLC purchased a new position in shares of CI&T during the third quarter worth $108,000. State Street Corp raised its holdings 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 worth $458,000 after purchasing an additional 15,083 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings 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 worth $183,000 after purchasing an additional 2,995 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.