SIGA Technologies, Inc. (NASDAQ:SIGA) Short Interest Update

SIGA Technologies, Inc. (NASDAQ:SIGA) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,100,000 shares, a growth of 28.5% from the February 13th total of 3,190,000 shares. Approximately 10.1% of the shares of the company are short sold. Based on an average daily volume of 444,200 shares, the short-interest ratio is currently 9.2 days.

SIGA Technologies Stock Up 1.4 %

SIGA traded up $0.08 on Monday, hitting $5.66. The company’s stock had a trading volume of 15,274 shares, compared to its average volume of 826,257. The company’s 50 day simple moving average is $5.98 and its 200-day simple moving average is $6.62. SIGA Technologies has a 12 month low of $5.16 and a 12 month high of $12.83. The firm has a market cap of $404.33 million, a P/E ratio of 4.70 and a beta of 0.98.

SIGA Technologies (NASDAQ:SIGA) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.63 earnings per share (EPS) for the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. The company had revenue of $81.40 million for the quarter. Equities analysts predict that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SIGA Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in shares of SIGA Technologies during the 3rd quarter worth $30,000. EP Wealth Advisors LLC purchased a new position in shares of SIGA Technologies in the third quarter valued at about $82,000. XTX Topco Ltd bought a new position in shares of SIGA Technologies during the third quarter valued at about $85,000. Teacher Retirement System of Texas lifted its holdings in SIGA Technologies by 19.9% in the 4th quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company’s stock worth $77,000 after buying an additional 2,126 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of SIGA Technologies during the fourth quarter valued at approximately $78,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

SIGA Technologies Company Profile

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.