Short Interest in Science Applications International Corporation (NASDAQ:SAIC) Increases By 22.1%

Science Applications International Corporation (NASDAQ:SAIC) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,252,397 shares, an increase of 22.1% from the December 31st total of 1,845,126 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average trading volume of 522,051 shares, the short-interest ratio is presently 4.3 days. Based on an average trading volume of 522,051 shares, the short-interest ratio is presently 4.3 days. Approximately 5.0% of the shares of the company are sold short.

Science Applications International Stock Up 0.9%

SAIC stock opened at $97.86 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $102.52 and its 200 day moving average price is $103.07. Science Applications International has a 52 week low of $84.15 and a 52 week high of $124.11. The company has a market cap of $4.42 billion, a P/E ratio of 12.51 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Thursday, December 4th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51. The company had revenue of $1.87 billion during the quarter. Science Applications International had a net margin of 5.05% and a return on equity of 33.19%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Science Applications International in a research note on Monday, December 29th. Citigroup raised shares of Science Applications International to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of “Moderate Buy”.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.