Short Interest Summary: What Next for Science Applications Internation (NYSE:SAIC) Stock After Increase in Shorted Shares?

November 25, 2016 - By Vivian Park   ·   0 Comments

Short Interest Summary: What Next for Science Applications Internation (NYSE:SAIC) Stock After Increase in Shorted Shares?

The stock of Science Applications Internation (NYSE:SAIC) registered an increase of 14.62% in short interest. SAIC’s total short interest was 1.57M shares in November as published by FINRA. Its up 14.62% from 1.37M shares, reported previously. With 220,900 shares average volume, it will take short sellers 7 days to cover their SAIC’s short positions. The short interest to Science Applications Internation’s float is 3.6%. About 65,106 shares traded hands. Science Applications International Corp (NYSE:SAIC) has risen 55.48% since April 22, 2016 and is uptrending. It has outperformed by 50.07% the S&P500.

Science Applications International Corporation is a well-known provider of technical, engineering and enterprise information technology (IT) services. The company has a market cap of $3.72 billion. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. It has a 29.68 P/E ratio. The Firm provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services.

Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.51, from 0.95 in 2016Q1. The ratio is positive, as 28 funds sold all Science Applications International Corp shares owned while 83 reduced positions. 26 funds bought stakes while 79 increased positions. They now own 27.21 million shares or 3.53% less from 28.21 million shares in 2016Q1.
Advsrs Asset Inc holds 0% or 1,210 shares in its portfolio. Landscape Cap Ltd reported 8,000 shares or 0.06% of all its holdings. Victory Mgmt has invested 0% of its portfolio in Science Applications International Corp (NYSE:SAIC). The Massachusetts-based Fmr has invested 0.03% in Science Applications International Corp (NYSE:SAIC). Teachers Retirement System Of The State Of Kentucky holds 11,971 shares or 0.01% of its portfolio. Independent Portfolio Consultants Inc, a Florida-based fund reported 4,895 shares. Schroder Mngmt Gru has 800 shares for 0% of their US portfolio. Weaver C Barksdale & Assocs Inc has 0.03% invested in the company for 332 shares. Numeric Invsts Ltd Liability Co last reported 128,079 shares in the company. Boston Prtn holds 0.01% of its portfolio in Science Applications International Corp (NYSE:SAIC) for 69,984 shares. Franklin Res Inc last reported 16,071 shares in the company. First Tru L P accumulated 90,131 shares or 0.02% of the stock. Hightower Advsrs Ltd Liability Corporation owns 31,286 shares or 0.02% of their US portfolio. State Treasurer State Of Michigan owns 16,485 shares or 0.01% of their US portfolio. Guggenheim Cap Limited Liability accumulated 0.01% or 55,956 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 5 insider sales for $3.88 million net activity. Shares for $150,446 were sold by Bishop Maria M.. The insider WAGONER DOUGLAS MARTIN sold $249,400. Shares for $740,251 were sold by Hartley John Robert on Wednesday, June 15. Moraco Anthony J sold $2.58M worth of Science Applications International Corp (NYSE:SAIC) on Tuesday, September 13.

Science Applications International Corp (NYSE:SAIC) Ratings Coverage

Out of 7 analysts covering Science Applications International (NYSE:SAIC), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Science Applications International has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, November 11 by Drexel Hamilton. The rating was downgraded by Drexel Hamilton on Friday, September 9 to “Hold”. The stock of Science Applications International Corp (NYSE:SAIC) earned “Hold” rating by BB&T Capital on Monday, June 13. The stock of Science Applications International Corp (NYSE:SAIC) earned “Buy” rating by Suntrust Robinson on Thursday, December 10. The stock has “Buy” rating given by Citigroup on Wednesday, September 2. Jefferies initiated it with “Buy” rating and $57 target price in Wednesday, January 20 report. SunTrust initiated Science Applications International Corp (NYSE:SAIC) rating on Thursday, December 10. SunTrust has “Buy” rating and $58 price target. The stock of Science Applications International Corp (NYSE:SAIC) earned “Buy” rating by Citigroup on Wednesday, June 8. The firm has “Buy” rating given on Tuesday, July 28 by BB&T Capital. Jefferies maintained the stock with “Buy” rating in Wednesday, June 15 report.

SAIC Company Profile

Science Applications International Corporation (SAIC), incorporated on February 1, 2013, is a well-known provider of technical, engineering and enterprise information technology (IT) services. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. The Firm provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services.

More news for Science Applications International Corp (NYSE:SAIC) were recently published by: Nasdaq.com, which released: “Wesco Aircraft Announces Chemical Management Services Agreement With Science …” on November 07, 2016. Bizjournals.com‘s article titled: “Tech giant SAIC discloses 79 layoffs in eastern N.C.” and published on July 01, 2016 is yet another important article.

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By Vivian Park

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