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

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) 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. Currently, 10.1% of the company's shares are sold short. Based on an average daily trading volume, of 444,200 shares, the short-interest ratio is currently 9.2 days.

SIGA Technologies Stock Performance

Shares of SIGA traded down $0.03 during mid-day trading on Friday, reaching $5.61. 668,529 shares of the company were exchanged, compared to its average volume of 807,253. The business has a 50 day simple moving average of $5.93 and a two-hundred day simple moving average of $6.56. The stock has a market capitalization of $400.76 million, a PE ratio of 4.68 and a beta of 0.98. SIGA Technologies has a 52 week low of $5.16 and a 52 week high of $12.83.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.63 earnings per share (EPS) for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. The firm had revenue of $81.40 million during the quarter. On average, analysts predict that SIGA Technologies will post 1.04 EPS for the current year.

Hedge Funds Weigh In On SIGA Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in SIGA Technologies by 28.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,382 shares of the company's stock worth $808,000 after acquiring an additional 29,442 shares during the period. State of Wyoming boosted its position in shares of SIGA Technologies by 163.5% during the 4th quarter. State of Wyoming now owns 45,668 shares of the company's stock valued at $274,000 after purchasing an additional 28,339 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in SIGA Technologies during the fourth quarter worth approximately $83,000. ProShare Advisors LLC increased its holdings in SIGA Technologies by 26.6% in the fourth quarter. ProShare Advisors LLC now owns 16,424 shares of the company's stock worth $99,000 after purchasing an additional 3,455 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in SIGA Technologies by 53.3% in the fourth quarter. Deutsche Bank AG now owns 41,804 shares of the company's stock worth $251,000 after purchasing an additional 14,527 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

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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.