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

CI&T Inc. (NYSE:CINT) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 18,191 shares, a drop of 61.0% from the August 31st total of 46,602 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 118,298 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several analysts have issued reports on CINT shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CI&T in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Zacks Research raised shares of CI&T from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. TD Cowen cut their price objective on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CI&T currently has an average rating of “Moderate Buy” and an average price target of $6.08.

CI&T Trading Down 3.1%

CINT stock traded down $0.09 during midday trading on Monday, hitting $2.88. The company had a trading volume of 91,169 shares, compared to its average volume of 133,293. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. CI&T has a 52 week low of $2.80 and a 52 week high of $5.80. The stock’s 50 day moving average price is $3.37 and its 200 day moving average price is $3.87. The stock has a market cap of $387.46 million, a price-to-earnings ratio of 9.93 and a beta of 0.81.

CI&T (NYSE:CINT) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 11.69% and a net margin of 6.79%.The firm had revenue of $142.82 million during the quarter, compared to the consensus estimate of $140.05 million. As a group, equities research analysts expect that CI&T will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in CI&T in the second quarter worth $43,000. Beacon Hill Wealth Management LTD. purchased a new position in CI&T during the 2nd quarter valued at $617,000. AXQ Capital LP purchased a new position in CI&T during the 2nd quarter valued at $74,000. Wedbush Securities Inc. raised its holdings in CI&T by 118.1% in the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after purchasing an additional 22,525 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in CI&T in the 1st quarter worth $181,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.

The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.