Short Interest in CI&T Inc. (NYSE:CINT) Decreases By 11.3%

CI&T Inc. (NYSE:CINT) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 77,500 shares, a drop of 11.3% from the November 15th total of 87,400 shares. Based on an average trading volume of 63,400 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On CI&T

Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in CI&T in the 2nd quarter worth about $76,000. Virtu Financial LLC purchased a new position in shares of CI&T in the 3rd quarter worth about $108,000. GSA Capital Partners LLP grew its position in CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after acquiring an additional 2,995 shares during the last quarter. State Street Corp lifted its stake in CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after purchasing an additional 15,083 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after acquiring an additional 65,457 shares during the period. Institutional investors own 92.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CINT shares. Citigroup increased their target price on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. UBS Group upped their price objective on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. TD Cowen started coverage on shares of CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.68.

CI&T Stock Performance

Shares of NYSE:CINT traded down $0.13 on Tuesday, reaching $6.16. 51,849 shares of the company’s stock were exchanged, compared to its average volume of 91,537. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $827.98 million, a price-to-earnings ratio of 47.38 and a beta of 1.14. The company has a fifty day moving average of $6.84 and a 200-day moving average of $6.34. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04.

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.