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

Synthetic Biologics, Inc. (NYSEAMERICAN:SYN) saw a large decline in short interest during the month of 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. Based on an average daily volume of 909,188 shares, the short-interest ratio is presently 6.9 days. Approximately 5.5% of the shares of the company are short sold.

Shares of Synthetic Biologics (NYSEAMERICAN SYN) opened at $0.57 on Monday. Synthetic Biologics has a 12 month low of $0.41 and a 12 month high of $1.05.

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

Several research firms have weighed in on SYN. ValuEngine raised shares of Synthetic Biologics from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of Synthetic Biologics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, BidaskClub cut shares of Synthetic Biologics from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price 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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