CI&T Inc. (NYSE:CINT) Short Interest Down 22.9% in December

CI&T Inc. (NYSE:CINT) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 80,000 shares, a decline of 22.9% from the December 15th total of 103,800 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company’s shares are short sold.

CI&T Trading Up 0.7 %

NYSE:CINT opened at $6.37 on Friday. The company has a 50-day moving average price of $6.43 and a 200-day moving average price of $6.52. The stock has a market cap of $855.52 million, a price-to-earnings ratio of 48.97 and a beta of 1.16. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04.

Institutional Trading of CI&T

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its holdings in shares of CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after acquiring an additional 2,995 shares during the period. XTX Topco Ltd bought a new stake in shares of CI&T during the second quarter valued at approximately $76,000. State Street Corp boosted its position in shares of CI&T by 28.8% during the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after purchasing an additional 15,083 shares in the last quarter. Virtu Financial LLC purchased a new stake in CI&T in the third quarter worth $108,000. Finally, Marshall Wace LLP raised its holdings in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares in the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Canaccord Genuity Group increased their price objective on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. UBS Group raised their price target on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen began coverage on shares of CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 price objective for the company. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.92.

CI&T Company Profile

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.