Short Interest in Synthetic Biologics Inc (SYN) Expands By 3.9%

Synthetic Biologics Inc (NYSEAMERICAN:SYN) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 7,176,264 shares, an increase of 3.9% from the October 13th total of 6,905,995 shares. Currently, 6.3% of the shares of the company are sold short. Based on an average trading volume of 880,277 shares, the short-interest ratio is currently 8.2 days.

SYN has been the subject of several recent analyst reports. ValuEngine lowered Synthetic Biologics from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. BidaskClub lowered Synthetic Biologics from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Finally, Zacks Investment Research lowered Synthetic Biologics from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.92.

Synthetic Biologics (SYN) opened at $0.67 on Friday. Synthetic Biologics has a twelve month low of $0.41 and a twelve month high of $1.05.

Synthetic Biologics (NYSEAMERICAN:SYN) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.10).

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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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