Synthetic Biologics, Inc. (NYSEAMERICAN:SYN) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 5,632,047 shares, a drop of 10.2% from the November 15th total of 6,268,579 shares. Based on an average daily volume of 710,788 shares, the days-to-cover ratio is currently 7.9 days. Currently, 4.9% of the company’s stock are short sold.
A number of analysts have weighed in on the stock. BidaskClub cut shares of Synthetic Biologics from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Zacks Investment Research cut shares of Synthetic Biologics from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine cut shares of Synthetic Biologics from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two investment 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.92.
Synthetic Biologics (NYSEAMERICAN:SYN) opened at $0.54 on Friday. Synthetic Biologics has a 1-year low of $0.41 and a 1-year high of $1.05.
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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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