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

SIGA Technologies, Inc. (NASDAQ:SIGA) saw 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. Currently, 8.7% of the shares of the company are sold short. Based on an average trading volume of 584,300 shares, the days-to-cover ratio is presently 6.0 days.

SIGA Technologies Price Performance

NASDAQ SIGA opened at $7.36 on Friday. The firm has a market capitalization of $525.50 million, a price-to-earnings ratio of 6.13 and a beta of 0.89. The company’s fifty day moving average is $6.99 and its two-hundred day moving average 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. The company had revenue of $10.01 million during the quarter. As a group, sell-side analysts expect that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its position in shares of SIGA Technologies by 152.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock worth $13,827,000 after purchasing an additional 1,237,620 shares during the period. American Century Companies Inc. grew its stake in SIGA Technologies by 251.2% in the second quarter. American Century Companies Inc. now owns 841,759 shares of the company’s stock valued at $6,389,000 after purchasing an additional 602,091 shares in the last quarter. Foundry Partners LLC bought a new position in shares of SIGA Technologies in the third quarter valued at $2,801,000. Denali Advisors LLC acquired a new position in shares of SIGA Technologies during the 2nd quarter worth about $1,815,000. Finally, Harbor Capital Advisors Inc. acquired a new position in SIGA Technologies during the third quarter worth approximately $1,098,000. 55.40% of the stock is currently owned by 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.