CI&T Inc (NYSE:CINT) Sees Significant Growth in Short Interest

CI&T Inc (NYSE:CINTGet Rating) saw a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 206,800 shares, a growth of 7.3% from the December 15th total of 192,800 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average trading volume of 42,700 shares, the days-to-cover ratio is presently 4.8 days.

Institutional Investors Weigh In On CI&T

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. grew its position in CI&T by 8.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 37,339 shares of the company’s stock valued at $351,000 after purchasing an additional 2,945 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of CI&T by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,352,961 shares of the company’s stock valued at $13,651,000 after buying an additional 8,014 shares during the last quarter. Kennedy Capital Management Inc. boosted its holdings in CI&T by 5.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 180,853 shares of the company’s stock worth $1,825,000 after acquiring an additional 8,804 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in CI&T in the 3rd quarter worth about $95,000. Finally, Brinker Capital Investments LLC bought a new position in shares of CI&T in the second quarter valued at approximately $108,000. 9.36% of the stock is owned by institutional investors.

CI&T Trading Down 1.4 %

Shares of CINT opened at $8.27 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $8.97. CI&T has a 12 month low of $5.22 and a 12 month high of $19.08.

CI&T (NYSE:CINTGet Rating) last released its earnings results on Thursday, November 17th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $106.72 million for the quarter, compared to analyst estimates of $107.26 million. Equities analysts expect that CI&T will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut CI&T from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $9.00 in a report on Thursday, December 15th.

About CI&T

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CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. It develops customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, and cloud and mobility technologies.

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