Synthetic Biologics Inc (NYSEAMERICAN:SYN) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,229,063 shares, a decrease of 2.6% from the January 12th total of 4,341,664 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average daily volume of 659,108 shares, the days-to-cover ratio is presently 6.4 days.
Several equities research analysts have recently commented on SYN shares. BidaskClub cut Synthetic Biologics from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Zacks Investment Research cut Synthetic Biologics from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.
Synthetic Biologics (NYSEAMERICAN:SYN) traded down $0.01 during trading on Friday, hitting $0.41. The stock had a trading volume of 1,061,934 shares, compared to its average volume of 840,058. Synthetic Biologics has a twelve month low of $0.37 and a twelve month high of $1.05. The stock has a market capitalization of $56.58, a PE ratio of -1.86 and a beta of 1.08.
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About Synthetic Biologics
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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