CI&T Inc. (NYSE:CINT) Short Interest Down 13.2% in October

CI&T Inc. (NYSE:CINT) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 157,500 shares, a decrease of 13.2% from the September 30th total of 181,500 shares. Based on an average daily trading volume, of 73,300 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.8% of the company’s shares are sold short.

Analyst Ratings Changes

A number of research firms recently commented on CINT. The Goldman Sachs Group began coverage on shares of CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target for the company. JPMorgan Chase & Co. upped their price target on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Canaccord Genuity Group upped their price target on shares of CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Citigroup boosted their price objective on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.00.

CI&T Stock Down 1.6 %

CI&T stock traded down $0.11 during mid-day trading on Tuesday, reaching $6.79. The stock had a trading volume of 71,270 shares, compared to its average volume of 96,089. The company has a market capitalization of $912.66 million, a price-to-earnings ratio of 38.39 and a beta of 1.15. The company has a 50-day moving average price of $6.95 and a two-hundred day moving average price of $5.64. CI&T has a one year low of $3.34 and a one year high of $8.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.80.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $100.45 million during the quarter, compared to the consensus estimate of $104.75 million. CI&T had a return on equity of 10.93% and a net margin of 4.97%. On average, analysts expect that CI&T will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in CI&T during the 2nd quarter valued at about $76,000. Banco BTG Pactual S.A. lifted its stake in shares of CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after purchasing an additional 10,000 shares during the period. Marshall Wace LLP lifted its stake in shares of CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of CI&T in the 2nd quarter worth approximately $2,264,000. Finally, BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 168.7% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after purchasing an additional 666,212 shares during the period. Institutional investors own 92.45% of the company’s stock.

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.