Short Interest in SIGA Technologies, Inc. (NASDAQ:SIGA) Drops By 22.8%

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,530,000 shares, a drop of 22.8% from the October 31st total of 4,570,000 shares. Approximately 8.7% of the company’s shares are short sold. Based on an average trading volume of 584,300 shares, the short-interest ratio is currently 6.0 days.

Hedge Funds Weigh In On SIGA Technologies

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SIGA Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock worth $19,548,000 after purchasing an additional 41,515 shares in the last quarter. AltraVue Capital LLC lifted its holdings in SIGA Technologies by 6.6% during the 2nd quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company’s stock worth $16,528,000 after buying an additional 134,450 shares in the last quarter. Tidal Investments LLC purchased a new position in SIGA Technologies in the 1st quarter valued at approximately $157,000. Harbor Capital Advisors Inc. purchased a new position in SIGA Technologies in the 3rd quarter valued at approximately $1,098,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of SIGA Technologies by 172.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 211,236 shares of the company’s stock worth $1,426,000 after acquiring an additional 133,597 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

SIGA Technologies Stock Performance

Shares of SIGA Technologies stock traded down $0.08 on Friday, reaching $7.28. The company had a trading volume of 274,299 shares, compared to its average volume of 874,440. The firm has a market cap of $519.79 million, a PE ratio of 6.07 and a beta of 0.89. The firm’s 50 day moving average price is $6.94 and its two-hundred day moving average price is $7.85. SIGA Technologies has a 52-week low of $4.26 and a 52-week high of $12.83.

SIGA Technologies (NASDAQ:SIGA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 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 $10.01 million for the quarter. As a group, sell-side analysts predict that SIGA Technologies will post 1.04 EPS for the current year.

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.