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

CI&T Inc. (NYSE:CINT - Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 111,200 shares, a growth of 55.3% from the January 31st total of 71,600 shares. Approximately 0.5% of the company's stock are sold short. Based on an average trading volume of 88,900 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen assumed coverage on CI&T in a research report on Friday, December 6th. They issued a "buy" rating and a $9.00 target price for the company. Canaccord Genuity Group boosted their target price on CI&T from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. UBS Group upped their price objective on CI&T from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, Wedbush set a $9.00 price objective on shares of CI&T in a report on Monday, February 3rd. Four equities 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.37.

CI&T Trading Down 0.1 %

Shares of NYSE CINT traded down $0.01 during midday trading on Wednesday, hitting $7.02. The stock had a trading volume of 35,596 shares, compared to its average volume of 111,102. The company has a fifty day moving average price of $6.73 and a 200 day moving average price of $6.78. The company has a market capitalization of $943.57 million, a price-to-earnings ratio of 54.00 and a beta of 1.19. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

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Institutional Investors Weigh In On CI&T

Several hedge funds have recently modified their holdings of CINT. State Street Corp boosted its stake in CI&T by 28.8% during 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. WCM Investment Management LLC increased its stake in shares of CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock valued at $8,747,000 after purchasing an additional 45,574 shares during the period. GSA Capital Partners LLP raised its holdings in shares of 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 buying an additional 2,995 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of CI&T during the third quarter worth approximately $108,000. Finally, Verde Servicos Internacionais S.A. bought a new position in CI&T in the 4th quarter worth approximately $152,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm's solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.