CI&T Inc. (NYSE:CINT) Short Interest Down 11.3% in November

CI&T Inc. (NYSE:CINT) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 77,500 shares, a drop of 11.3% from the November 15th total of 87,400 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 63,400 shares, the days-to-cover ratio is currently 1.2 days.

CI&T Stock Performance

Shares of CINT traded down $0.13 during mid-day trading on Tuesday, reaching $6.16. The company’s stock had a trading volume of 51,849 shares, compared to its average volume of 91,537. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The business has a 50-day simple moving average of $6.84 and a two-hundred day simple moving average of $6.34. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a market cap of $827.98 million, a P/E ratio of 47.38 and a beta of 1.14.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CINT shares. The Goldman Sachs Group began coverage on shares of CI&T in a report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price objective on the stock. TD Cowen initiated coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price target on the stock. UBS Group increased their price objective on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Canaccord Genuity Group lifted their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Citigroup upped their target price on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Five equities research 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 MarketBeat.com, CI&T currently has an average rating of “Moderate Buy” and a consensus price target of $7.68.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of CI&T during the second quarter worth approximately $76,000. Virtu Financial LLC acquired a new position in CI&T in the 3rd quarter valued at $108,000. GSA Capital Partners LLP increased its position in 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 buying an additional 2,995 shares during the period. State Street Corp lifted its holdings 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 worth $458,000 after buying an additional 15,083 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after acquiring an additional 65,457 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.