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

CI&T Inc. (NYSE:CINT) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 154,986 shares, a decrease of 18.0% from the December 15th total of 188,959 shares. Based on an average daily volume of 140,413 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 140,413 shares, the short-interest ratio is currently 1.1 days.

CI&T Price Performance

CI&T stock opened at $4.42 on Wednesday. The stock has a 50-day moving average price of $4.51 and a two-hundred day moving average price of $4.91. CI&T has a 12 month low of $3.98 and a 12 month high of $8.00. The company has a market capitalization of $595.29 million, a PE ratio of 16.37 and a beta of 1.15. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23.

CI&T (NYSE:CINT) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $127.31 million for the quarter, compared to the consensus estimate of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. Analysts expect that CI&T will post 0.2 EPS for the current year.

Institutional Trading of CI&T

Institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in CI&T by 119.0% in the third quarter. Millennium Management LLC now owns 70,780 shares of the company’s stock valued at $365,000 after purchasing an additional 38,460 shares during the period. Citadel Advisors LLC grew its position in shares of CI&T by 34.1% in the 3rd quarter. Citadel Advisors LLC now owns 180,926 shares of the company’s stock valued at $932,000 after buying an additional 46,031 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of CI&T in the third quarter valued at about $72,000. Ameriprise Financial Inc. bought a new position in shares of CI&T during the third quarter worth about $113,000. Finally, Lazard Asset Management LLC raised its position in shares of CI&T by 65.4% during the third quarter. Lazard Asset Management LLC now owns 68,409 shares of the company’s stock worth $352,000 after acquiring an additional 27,048 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. Canaccord Genuity Group dropped their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, UBS Group set a $7.00 price target on shares of CI&T and gave the company a “buy” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.20.

CI&T Company Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.