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

CI&T Inc. (NYSE:CINT – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 46,602 shares, a drop of 64.9% from the August 15th total of 132,785 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 86,471 shares, the short-interest ratio is currently 0.5 days.

CI&T Trading Up 6.5%

NYSE CINT traded up $0.20 on Friday, reaching $3.25. The company had a trading volume of 59,915 shares, compared to its average volume of 103,704. CI&T has a 52 week low of $2.80 and a 52 week high of $5.88. The stock’s 50 day moving average is $3.42 and its 200-day moving average is $4.01. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The stock has a market cap of $437.12 million, a price-to-earnings ratio of 11.20 and a beta of 0.81.

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CI&T (NYSE:CINT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. Equities analysts predict that CI&T will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in CI&T by 6.4% during the 4th quarter. State Street Corp now owns 62,242 shares of the company’s stock worth $253,000 after purchasing an additional 3,719 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of CI&T by 45.7% in the fourth quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock valued at $65,000 after purchasing an additional 4,983 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of CI&T by 50.6% in the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after purchasing an additional 5,700 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of CI&T by 6.4% during the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock worth $521,000 after buying an additional 6,171 shares during the period. Finally, R Squared Ltd boosted its position in shares of CI&T by 24.1% during the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after buying an additional 6,707 shares during the period. 92.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. TD Cowen lowered their price target on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Wedbush downgraded shares of CI&T from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.08.

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About CI&T

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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.

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