Short Interest in Synthetic Biologics, Inc. (SYN) Drops By 12.6%

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

Shares of Synthetic Biologics (NYSEAMERICAN SYN) opened at $0.66 on Friday. Synthetic Biologics has a 1-year low of $0.41 and a 1-year 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 Zacks’ consensus estimate of ($0.04) by ($0.10).

Several analysts have weighed in on the company. Zacks Investment Research raised Synthetic Biologics from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a report on Wednesday, August 9th. ValuEngine raised Synthetic Biologics from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Finally, BidaskClub cut 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 given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $3.92.

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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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