Short Interest in CI&T Inc. (NYSE:CINT) Rises By 55.3%

CI&T Inc. (NYSE:CINT) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 88,900 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are sold short.

Analyst Ratings Changes

CINT has been the topic of a number of research reports. Canaccord Genuity Group upped their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 18th. TD Cowen began coverage on shares of CI&T in a research report on Friday, December 6th. They set a “buy” rating and a $9.00 price objective on the stock. Wedbush set a $9.00 target price on shares of CI&T in a research 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 research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.37.

Institutional Investors Weigh In On CI&T

Large investors have recently bought and sold shares of the business. Stifel Financial Corp acquired a new stake in shares of CI&T in the fourth quarter worth about $68,000. Virtu Financial LLC acquired a new stake in CI&T in the 3rd quarter worth approximately $108,000. Two Sigma Investments LP acquired a new stake in CI&T in the 4th quarter worth approximately $111,000. Cubist Systematic Strategies LLC boosted its position in CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock worth $114,000 after purchasing an additional 8,459 shares during the period. Finally, Verde Servicos Internacionais S.A. acquired a new position in CI&T during the fourth quarter valued at approximately $152,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Stock Up 1.4 %

Shares of CINT traded up $0.10 during mid-day trading on Friday, hitting $7.15. 280,173 shares of the company’s stock were exchanged, compared to its average volume of 113,581. The stock has a market cap of $961.05 million, a price-to-earnings ratio of 55.00 and a beta of 1.19. The firm has a fifty day moving average of $6.69 and a two-hundred day moving average of $6.78. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04.

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.