Synthetic Biologics Inc (SYN) Short Interest Update

Synthetic Biologics Inc (NYSEAMERICAN:SYN) was the target of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 4,416,270 shares, a decrease of 9.7% from the December 15th total of 4,891,688 shares. Based on an average daily volume of 749,882 shares, the days-to-cover ratio is currently 5.9 days. Approximately 3.8% of the shares of the company are short sold.

Synthetic Biologics (SYN) opened at $0.53 on Thursday. The company has a market capitalization of $68.10, a price-to-earnings ratio of -2.41 and a beta of 1.13. Synthetic Biologics has a 12 month low of $0.41 and a 12 month high of $1.05.

Synthetic Biologics (NYSEAMERICAN:SYN) last issued its earnings results on Wednesday, November 1st. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10).

A number of research analysts recently commented on the company. BidaskClub lowered Synthetic Biologics from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Zacks Investment Research lowered Synthetic Biologics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Synthetic Biologics has an average rating of “Hold” and an average target price of $3.92.

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Synthetic Biologics Company Profile

Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.

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