Short Interest in SIGA Technologies, Inc. (NASDAQ:SIGA) Drops By 12.5%

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 3,630,000 shares, a decline of 12.5% from the April 30th total of 4,150,000 shares. Based on an average daily volume of 533,200 shares, the short-interest ratio is presently 6.8 days. Currently, 9.0% of the company's shares are sold short.

Institutional Investors Weigh In On SIGA Technologies

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its stake in SIGA Technologies by 7.8% in the 4th quarter. SG Americas Securities LLC now owns 22,819 shares of the company's stock valued at $137,000 after purchasing an additional 1,652 shares during the period. DAVENPORT & Co LLC grew its stake in SIGA Technologies by 168.4% in the 4th quarter. DAVENPORT & Co LLC now owns 31,500 shares of the company's stock valued at $189,000 after purchasing an additional 19,762 shares during the period. Legato Capital Management LLC grew its stake in SIGA Technologies by 14.1% in the 4th quarter. Legato Capital Management LLC now owns 532,441 shares of the company's stock valued at $3,200,000 after purchasing an additional 65,800 shares during the period. Principal Financial Group Inc. grew its stake in SIGA Technologies by 8.1% in the 4th quarter. Principal Financial Group Inc. now owns 23,927 shares of the company's stock valued at $144,000 after purchasing an additional 1,784 shares during the period. Finally, New York State Common Retirement Fund grew its stake in SIGA Technologies by 19.1% in the 4th quarter. New York State Common Retirement Fund now owns 589,620 shares of the company's stock valued at $3,544,000 after purchasing an additional 94,490 shares during the period. Institutional investors own 55.40% of the company's stock.

SIGA Technologies Price Performance

Shares of SIGA Technologies stock traded down $0.05 during midday trading on Thursday, reaching $6.10. The company had a trading volume of 224,590 shares, compared to its average volume of 729,253. The stock has a fifty day moving average price of $5.88 and a 200 day moving average price of $6.03. The firm has a market cap of $435.79 million, a PE ratio of 5.08 and a beta of 0.93. SIGA Technologies has a fifty-two week low of $4.95 and a fifty-two week high of $12.83.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) 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 business had revenue of $7.04 million during the quarter. As a group, sell-side analysts forecast that SIGA Technologies will post 1.04 EPS for the current year.

SIGA Technologies Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, April 29th.

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.