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

CI&T Inc. (NYSE:CINT - Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 126,300 shares, a decline of 34.2% from the February 28th total of 192,000 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 104,800 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

CINT has been the subject of several recent research reports. Wedbush set a $9.00 price target on CI&T in a research note on Monday, February 3rd. TD Cowen started coverage on shares of CI&T in a report on Friday, December 6th. They issued a "buy" rating and a $9.00 target price for the company. UBS Group raised their price target on shares of CI&T from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $10.00 price objective on shares of CI&T in a research report on Monday, March 17th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CI&T presently has an average rating of "Moderate Buy" and a consensus target price of $8.37.

CI&T Trading Up 0.4 %

Shares of CI&T stock traded up $0.03 during trading on Tuesday, hitting $6.00. The company's stock had a trading volume of 85,173 shares, compared to its average volume of 93,920. The stock has a market cap of $805.80 million, a price-to-earnings ratio of 46.12 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The stock has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $6.71.

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CI&T (NYSE:CINT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.36). The company had revenue of $112.34 million during the quarter, compared to analyst estimates of $646.68 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. Equities research analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of CI&T in the 4th quarter worth about $3,036,000. BW Gestao de Investimentos Ltda. raised its position in shares of CI&T by 20.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company's stock worth $16,387,000 after purchasing an additional 464,529 shares during the period. Renaissance Technologies LLC increased its stake in CI&T by 110.0% during the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock valued at $678,000 after purchasing an additional 58,500 shares in the last quarter. Marshall Wace LLP boosted its stake in CI&T by 134.4% during the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company's stock valued at $535,000 after purchasing an additional 50,543 shares during the last quarter. Finally, WCM Investment Management LLC increased its holdings in CI&T by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock worth $8,747,000 after purchasing an additional 45,574 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.