SIGA Technologies, Inc. (NASDAQ:SIGA) Short Interest Down 22.8% in November

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

SIGA Technologies Trading Down 1.1 %

NASDAQ:SIGA traded down $0.08 during mid-day trading on Friday, hitting $7.28. The stock had a trading volume of 274,299 shares, compared to its average volume of 874,440. SIGA Technologies has a twelve month low of $4.26 and a twelve month high of $12.83. The stock has a 50-day simple moving average of $6.94 and a two-hundred day simple moving average of $7.85. The company has a market capitalization of $519.79 million, a PE ratio of 6.07 and a beta of 0.89.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $10.01 million for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. Sell-side analysts predict that SIGA Technologies will post 1.04 EPS for the current fiscal year.

Institutional Trading of SIGA Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of SIGA Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock worth $19,548,000 after acquiring an additional 41,515 shares in the last quarter. AltraVue Capital LLC lifted its stake in SIGA Technologies by 6.6% during the second quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company’s stock worth $16,528,000 after purchasing an additional 134,450 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in SIGA Technologies by 152.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock valued at $13,827,000 after purchasing an additional 1,237,620 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in SIGA Technologies by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,821,788 shares of the company’s stock valued at $13,826,000 after purchasing an additional 133,883 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in SIGA Technologies by 6.3% in the third quarter. Geode Capital Management LLC now owns 1,112,743 shares of the company’s stock valued at $7,512,000 after purchasing an additional 66,344 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.