CI&T Inc. (NYSE:CINT) Short Interest Up 72.7% in February

CI&T Inc. (NYSE:CINT - Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 192,000 shares, a growth of 72.7% from the February 13th total of 111,200 shares. Based on an average trading volume of 92,400 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.9% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CINT shares. TD Cowen assumed coverage on CI&T in a report on Friday, December 6th. They set a "buy" rating and a $9.00 price objective on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $10.00 price target on shares of CI&T in a research report on Monday. Wedbush set a $9.00 price objective on CI&T in a report on Monday, February 3rd. Finally, UBS Group lifted their target price on shares of CI&T from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CI&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.37.

CI&T Trading Down 1.6 %

CINT stock traded down $0.10 on Tuesday, hitting $6.35. 110,239 shares of the company were exchanged, compared to its average volume of 92,370. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The business's fifty day moving average is $6.82 and its two-hundred day moving average is $6.75. The stock has a market capitalization of $853.52 million, a price-to-earnings ratio of 48.85 and a beta of 1.18.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CINT. Stifel Financial Corp purchased a new position in shares of CI&T in the fourth quarter valued at $68,000. Virtu Financial LLC bought a new position in CI&T during the 3rd quarter valued at $108,000. Two Sigma Investments LP bought a new position in CI&T during the 4th quarter valued at $111,000. Cubist Systematic Strategies LLC boosted its stake in CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock valued at $114,000 after acquiring an additional 8,459 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in CI&T during the 4th quarter valued at $152,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

About CI&T

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.