SIGA Technologies, Inc. (NASDAQ:SIGA) Short Interest Update

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 3,630,000 shares, a drop 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. Approximately 9.0% of the shares of the stock are short sold.

SIGA Technologies Price Performance

Shares of SIGA stock traded up $0.15 during trading hours on Friday, hitting $6.03. The stock had a trading volume of 385,571 shares, compared to its average volume of 732,732. The stock has a market capitalization of $430.79 million, a price-to-earnings ratio of 5.03 and a beta of 0.93. SIGA Technologies has a one year low of $4.95 and a one year high of $12.83. The stock's 50-day moving average price is $5.90 and its two-hundred day moving average price is $6.03.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $7.04 million during the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. As a group, equities research analysts predict that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

SIGA Technologies Dividend Announcement

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

Hedge Funds Weigh In On SIGA Technologies

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of SIGA Technologies by 7.8% in the 4th quarter. SG Americas Securities LLC now owns 22,819 shares of the company's stock worth $137,000 after buying an additional 1,652 shares during the last quarter. EP Wealth Advisors LLC grew its position in SIGA Technologies by 14.5% in the fourth quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company's stock worth $83,000 after acquiring an additional 1,755 shares in the last quarter. Principal Financial Group Inc. grew its position in SIGA Technologies by 8.1% in the fourth quarter. Principal Financial Group Inc. now owns 23,927 shares of the company's stock worth $144,000 after acquiring an additional 1,784 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in SIGA Technologies by 8.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 26,230 shares of the company's stock worth $144,000 after acquiring an additional 1,938 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in SIGA Technologies by 19.9% during the fourth quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company's stock valued at $77,000 after purchasing an additional 2,126 shares during the period. Institutional investors own 55.40% of the company's stock.

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.