Short Interest in CI&T Inc. (NYSE:CINT) Increases By 135.6%

Key Points

• Short interest in CI&T Inc. increased by 135.6% in September, with 207,800 shares sold short as of September 30th.
• Analysts show mixed sentiments, with Weiss Ratings maintaining a "hold" rating, while others like Wall Street Zen upgraded to "buy," and UBS lowered its price target from $8.00 to $6.80.
• CI&T's stock is currently priced at $4.22 and has a market capitalization of $568.35 million, with institutional investors holding 92.45% of the stock.

CI&T Inc. (NYSE:CINT - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 207,800 shares, a growth of 135.6% from the September 15th total of 88,200 shares. Based on an average daily volume of 232,200 shares, the short-interest ratio is presently 0.9 days. Currently, 1.0% of the company's stock are sold short. Currently, 1.0% of the company's stock are sold short. Based on an average daily volume of 232,200 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CINT shares. Weiss Ratings reiterated a "hold (c)" rating on shares of CI&T in a report on Wednesday, October 8th. UBS Group dropped their price objective on shares of CI&T from $8.00 to $6.80 and set a "neutral" rating on the stock in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of CI&T from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $8.00 target price on shares of CI&T in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $7.80.

CI&T Stock Up 1.2%

Shares of CINT traded up $0.05 on Friday, reaching $4.22. The company's stock had a trading volume of 187,339 shares, compared to its average volume of 275,976. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. CI&T has a twelve month low of $3.98 and a twelve month high of $8.00. The stock has a market capitalization of $568.35 million, a PE ratio of 17.58 and a beta of 1.15. The firm has a fifty day moving average of $5.08 and a 200-day moving average of $5.47.

CI&T (NYSE:CINT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. CI&T had a net margin of 7.27% and a return on equity of 11.34%. The company had revenue of $116.32 million for the quarter, compared to analyst estimates of $659.84 million. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

Institutional investors have recently added to or reduced their stakes in the company. Herald Investment Management Ltd grew its position in CI&T by 26.8% in the 2nd quarter. Herald Investment Management Ltd now owns 450,000 shares of the company's stock worth $2,682,000 after purchasing an additional 95,000 shares in the last quarter. Goldman Sachs Group Inc. grew its position in CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company's stock worth $442,000 after purchasing an additional 62,688 shares in the last quarter. Aberdeen Group plc bought a new stake in CI&T in the 1st quarter worth about $1,681,000. Walleye Capital LLC bought a new stake in CI&T in the 1st quarter worth about $103,000. Finally, Hsbc Holdings PLC bought a new stake in CI&T in the 1st quarter worth about $62,000. 92.45% of the stock is owned by institutional investors.

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.

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