Short Interest in CI&T Inc. (NYSE:CINT) Grows By 18.3%

CI&T Inc. (NYSE:CINT - Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 340,500 shares, a growth of 18.3% from the April 15th total of 287,900 shares. Currently, 1.6% of the company's stock are sold short. Based on an average daily volume of 119,700 shares, the short-interest ratio is currently 2.8 days.

Hedge Funds Weigh In On CI&T

Institutional investors have recently added to or reduced their stakes in the company. WCM Investment Management LLC raised its stake in CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company's stock valued at $5,721,000 after acquiring an additional 58,489 shares during the period. BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 168.7% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company's stock worth $4,383,000 after buying an additional 666,212 shares during the last quarter. Herald Investment Management Ltd bought a new stake in shares of CI&T during the 3rd quarter worth about $2,304,000. Russell Investments Group Ltd. boosted its holdings in shares of CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company's stock worth $842,000 after buying an additional 7,047 shares during the period. Finally, Banco BTG Pactual S.A. grew its stake in CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company's stock valued at $221,000 after buying an additional 10,000 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Stock Down 2.0 %

Shares of NYSE CINT traded down $0.07 during mid-day trading on Thursday, hitting $3.38. The company had a trading volume of 119,302 shares, compared to its average volume of 100,796. CI&T has a one year low of $3.34 and a one year high of $7.20. The company has a market capitalization of $454.31 million, a PE ratio of 15.36 and a beta of 1.03. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $4.06 and a two-hundred day simple moving average of $4.60.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a return on equity of 15.96% and a net margin of 7.11%. The firm had revenue of $105.50 million for the quarter, compared to analyst estimates of $107.56 million. On average, equities analysts expect that CI&T will post 0.25 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CINT shares. Canaccord Genuity Group increased their price objective on shares of CI&T from $4.00 to $5.00 and gave the stock a "hold" rating in a research report on Monday, March 18th. Citigroup dropped their price target on CI&T from $4.50 to $4.25 and set a "neutral" rating on the stock in a research note on Monday, April 22nd. Finally, UBS Group started coverage on CI&T in a report on Tuesday. They set a "neutral" rating and a $4.20 price objective for the company. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.21.

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.