Synthetic Biologics, Inc. (NYSEAMERICAN:SYN) Short Interest Down 12.6% in November

Synthetic Biologics, Inc. (NYSEAMERICAN:SYN) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 6,268,579 shares, a decline of 12.6% from the October 31st total of 7,176,264 shares. Approximately 5.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 909,188 shares, the short-interest ratio is presently 6.9 days.

Shares of Synthetic Biologics (SYN) opened at $0.51 on Wednesday. Synthetic Biologics has a 1-year low of $0.41 and a 1-year high of $1.05.

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

A number of equities research analysts have recently weighed in on SYN shares. ValuEngine upgraded shares of Synthetic Biologics from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research lowered shares of Synthetic Biologics from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, BidaskClub lowered shares of Synthetic Biologics from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Synthetic Biologics has a consensus rating of “Hold” and a consensus 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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