Synthetic Biologics Inc (NYSEAMERICAN:SYN) was the target of a large decline in short interest in December. As of December 29th, there was short interest totalling 4,416,270 shares, a decline of 9.7% from the December 15th total of 4,891,688 shares. Based on an average trading volume of 749,882 shares, the days-to-cover ratio is currently 5.9 days. Currently, 3.8% of the shares of the stock are short sold.
Shares of Synthetic Biologics (SYN) opened at $0.50 on Thursday. The company has a market capitalization of $67.43, a price-to-earnings ratio of -2.27 and a beta of 1.13. Synthetic Biologics has a twelve month low of $0.41 and a twelve month high of $1.05.
Synthetic Biologics (NYSEAMERICAN:SYN) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10).
Several research analysts recently issued reports on SYN shares. Zacks Investment Research downgraded Synthetic Biologics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub downgraded Synthetic Biologics from a “hold” rating to a “sell” rating in a report on Saturday, November 4th.
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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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