CI&T Inc. (NYSE:CINT) Sees Significant Growth in Short Interest

CI&T Inc. (NYSE:CINT) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 373,000 shares, an increase of 13.5% from the May 15th total of 328,500 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 122,200 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Upgrades and Downgrades

CINT has been the topic of a number of recent analyst reports. UBS Group initiated coverage on CI&T in a research report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price target on the stock. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Wedbush assumed coverage on CI&T in a research report on Friday, May 24th. They issued an “outperform” rating and a $5.00 target price on the stock. Citigroup reduced their price target on CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and increased their price target for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CI&T currently has a consensus rating of “Moderate Buy” and an average price target of $5.37.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 valued at $221,000 after acquiring an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of CI&T by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after acquiring an additional 7,047 shares during the last quarter. 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 valued at $4,383,000 after acquiring an additional 666,212 shares during the last quarter. Finally, WCM Investment Management LLC lifted its stake in shares of CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after acquiring an additional 58,489 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

CI&T Price Performance

NYSE CINT traded up $0.13 on Friday, hitting $4.89. 123,429 shares of the company’s stock were exchanged, compared to its average volume of 156,192. The stock has a 50-day moving average of $4.14 and a 200-day moving average of $4.49. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.47. CI&T has a 52 week low of $3.34 and a 52 week high of $7.20. The stock has a market cap of $657.26 million, a price-to-earnings ratio of 27.17 and a beta of 1.09.

CI&T (NYSE:CINT) last released its earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. CI&T had a return on equity of 14.03% and a net margin of 6.03%. The firm had revenue of $105.74 million during the quarter, compared to analysts’ expectations of $103.88 million. Analysts expect that CI&T will post 0.27 earnings per share for the current year.

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.