Nantahala Capital Management LLC lessened its position in shares of SIGA Technologies, Inc. (OTCMKTS:SIGA) by 59.0% during the second quarter, Holdings Channel reports. The institutional investor owned 2,466,840 shares of the biotechnology company’s stock after selling 3,543,409 shares during the quarter. Nantahala Capital Management LLC’s holdings in SIGA Technologies were worth $14,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN purchased a new position in shares of SIGA Technologies during the 1st quarter valued at $104,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of SIGA Technologies during the 1st quarter valued at $137,000. Atlantic Trust Group LLC bought a new stake in shares of SIGA Technologies during the 1st quarter valued at $254,000. B. Riley Financial Inc. bought a new stake in shares of SIGA Technologies during the 1st quarter valued at $266,000. Finally, Rhumbline Advisers bought a new stake in shares of SIGA Technologies during the 2nd quarter valued at $282,000. 6.66% of the stock is currently owned by hedge funds and other institutional investors.
OTCMKTS:SIGA opened at $7.98 on Thursday. The company has a debt-to-equity ratio of -0.22, a current ratio of 5.49 and a quick ratio of 5.05. SIGA Technologies, Inc. has a 52-week low of $2.90 and a 52-week high of $8.47.
About SIGA Technologies
SIGA Technologies, Inc is engaged in the development and commercialization of solutions for various unmet medical needs and biothreats. The Company’s lead product is TPOXX, an orally administered antiviral drug that targets orthopoxviruses infections. TPOXX is a small-molecule drug delivered to the Strategic Stockpile under the Project BioShield Act of 2004 (Project BioShield).
Further Reading: What are CEFs?
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