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

CI&T Inc. (NYSE:CINT) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 77,500 shares, a decrease of 11.3% from the November 15th total of 87,400 shares. Based on an average daily volume of 63,400 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the shares of the company are sold short.

CI&T Price Performance

Shares of NYSE CINT traded down $0.13 during trading hours on Tuesday, reaching $6.16. 51,849 shares of the stock traded hands, compared to its average volume of 91,537. The company has a market capitalization of $827.98 million, a P/E ratio of 47.38 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04. The company’s 50-day simple moving average is $6.84 and its two-hundred day simple moving average is $6.34.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CINT. Canaccord Genuity Group lifted their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. increased their target price on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. TD Cowen started coverage on CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 price objective on the stock. Citigroup raised their target price on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, The Goldman Sachs Group assumed coverage on CI&T in a research report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target on the stock. Five research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.68.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its stake in CI&T by 12.5% in 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. XTX Topco Ltd purchased a new position in shares of CI&T in the second quarter worth about $76,000. State Street Corp lifted its stake in shares of CI&T by 28.8% in the 3rd 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. Virtu Financial LLC purchased a new stake in CI&T during the 3rd quarter valued at about $108,000. Finally, Marshall Wace LLP grew its position in CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after acquiring an additional 65,457 shares during the last quarter. Institutional investors 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.