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. Based on an average daily volume of 444,200 shares, the short-interest ratio is currently 9.2 days. Approximately 10.1% of the company’s stock are short sold.

SIGA Technologies Price Performance

SIGA traded up $0.13 on Tuesday, reaching $5.76. 359,967 shares of the company traded hands, compared to its average volume of 825,380. The stock’s 50 day moving average price is $5.96 and its 200-day moving average price is $6.60. SIGA Technologies has a 52-week low of $5.16 and a 52-week high of $12.83. The company has a market cap of $411.48 million, a price-to-earnings ratio of 4.80 and a beta of 0.98.

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

Institutional Trading of SIGA Technologies

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new stake in SIGA Technologies in the third quarter valued at approximately $30,000. EP Wealth Advisors LLC acquired a new stake in SIGA Technologies in the third quarter valued at approximately $82,000. XTX Topco Ltd acquired a new stake in shares of SIGA Technologies in the third quarter worth $85,000. Teacher Retirement System of Texas lifted its stake in shares of SIGA Technologies by 19.9% in the fourth 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 last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of SIGA Technologies in the fourth quarter worth $78,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

About SIGA Technologies

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.