SIGA Technologies, Inc. (NASDAQ:SIGA) Sees Large Growth in Short Interest

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in SIGA Technologies in the 3rd quarter valued at $149,000. Victory Capital Management Inc. raised its holdings in shares of SIGA Technologies by 5.8% in the third quarter. Victory Capital Management Inc. now owns 259,143 shares of the company’s stock valued at $1,749,000 after purchasing an additional 14,286 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in SIGA Technologies by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 325,136 shares of the company’s stock worth $2,195,000 after purchasing an additional 5,772 shares in the last quarter. Intech Investment Management LLC bought a new position in SIGA Technologies in the 3rd quarter valued at $120,000. Finally, Foundry Partners LLC bought a new position in shares of SIGA Technologies during the 3rd quarter valued at approximately $2,801,000. Institutional investors own 55.40% of the company’s stock.

SIGA Technologies Price Performance

Shares of SIGA traded up $0.08 during trading hours on Monday, hitting $5.66. 15,274 shares of the stock were exchanged, compared to its average volume of 826,257. The firm has a market capitalization of $404.33 million, a P/E ratio of 4.70 and a beta of 0.98. The business has a 50-day moving average of $5.98 and a 200-day moving average of $6.62. SIGA Technologies has a fifty-two week low of $5.16 and a fifty-two week high of $12.83.

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