Borrowing availability for CINT has collapsed in less than two weeks. The ORTEX short score has jumped from 38.3 to 52.9 in just ten days. This convergence of signals is worth watching closely ahead of tonight's earnings.
The speed of the tightening is the standout. On May 1, availability was ample — utilization sat below 18%, leaving plenty of room in the lending pool. By May 12, utilization reached 90.09%, a new 52-week high. That means availability has collapsed to roughly 11% — about one share still available for every nine already borrowed.
That is a dramatic shift in ten trading days. Short shares outstanding rose 57.6% over the past month to 1.87% of free float. The weekly gain alone was 14.5%.
The cost to borrow remains relatively modest at 1.21%. It has actually fallen around 17% over the past week, and is down nearly 70% over the past month. For now, borrowers are still getting in cheaply. But if availability tightens further, that rate will be under upward pressure.
The ORTEX short score climbed from 38.3 on May 1 to 52.9 by May 11. That is a 14-point move in ten days. The utilization rank sits at the 8th percentile — meaning 92% of stocks have more borrowing room available than CINT right now.
The days-to-cover rank is at the 16th percentile, another signal that the stock screens as a crowded short relative to peers.
CI&T reports earnings after the close today. The timing matters. The last earnings print, in March, produced a one-day move of +4.6%. The most recent print in May triggered a -1.8% move.
Analysts remain constructive. UBS raised its target slightly to $7.20 yesterday, maintaining a Buy. Wedbush cut its target from $9.00 to $7.00 but kept Outperform. Both targets sit well above the current price of $3.82. The stock has fallen 17.3% over the past month, compounding the gap between price and analyst targets.
The put/call ratio is just 0.09 — near the low end of its 52-week range. Options positioning is skewed firmly toward calls, not puts. That sits at odds with the aggressive short-side positioning in the lending market.
See the live data behind this article on ORTEX.
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