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

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) was the recipient of a large decrease in short interest during 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. Approximately 8.7% of the shares of the stock are short sold. Based on an average trading volume of 584,300 shares, the days-to-cover ratio is currently 6.0 days.

Hedge Funds Weigh In On SIGA Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in SIGA Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company's stock valued at $19,548,000 after buying an additional 41,515 shares during the period. AltraVue Capital LLC grew its position in SIGA Technologies by 6.6% in the second quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company's stock valued at $16,528,000 after acquiring an additional 134,450 shares during the last quarter. Tidal Investments LLC acquired a new position in SIGA Technologies during the first quarter worth about $157,000. Harbor Capital Advisors Inc. acquired a new stake in shares of SIGA Technologies in the 3rd quarter valued at approximately $1,098,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of SIGA Technologies by 172.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 211,236 shares of the company's stock valued at $1,426,000 after purchasing an additional 133,597 shares during the last quarter. 55.40% of the stock is owned by institutional investors.

SIGA Technologies Price Performance

Shares of SIGA Technologies stock traded down $0.08 on Friday, hitting $7.28. 274,299 shares of the company's stock traded hands, compared to its average volume of 874,440. SIGA Technologies has a one year low of $4.26 and a one year high of $12.83. The stock has a market capitalization 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 (NASDAQ:SIGA - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $10.01 million during the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. On average, 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.