Science Applications International Corporation (NASDAQ:SAIC) Short Interest Update

Science Applications International Corporation (NASDAQ:SAIC) saw a significant increase in short interest in 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 company’s shares are short sold. Based on an average daily volume of 522,051 shares, the short-interest ratio is currently 4.3 days. Based on an average daily volume of 522,051 shares, the short-interest ratio is currently 4.3 days. Approximately 5.0% of the company’s shares are short sold.

Science Applications International Stock Down 3.8%

SAIC stock traded down $3.88 during trading on Tuesday, hitting $97.00. 610,510 shares of the stock traded hands, compared to its average volume of 519,587. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 12.40 and a beta of 0.28. Science Applications International has a 1 year low of $84.15 and a 1 year high of $124.11. The firm’s 50 day moving average is $102.05 and its two-hundred day moving average is $103.22.

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

Analyst Ratings Changes

SAIC has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Science Applications International in a report on Monday, December 29th. Zacks Research raised Science Applications International from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 26th. Finally, Citigroup upgraded Science Applications International to a “strong-buy” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “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.