Synthetic Biologics Inc (NYSEAMERICAN:SYN) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 278,160 shares, a decrease of 57.6% from the October 15th total of 655,659 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 412,730 shares, the short-interest ratio is presently 0.7 days.
SYN has been the subject of several analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $35.00 target price on shares of Synthetic Biologics in a research report on Thursday, August 9th. Zacks Investment Research raised Synthetic Biologics from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research report on Tuesday, August 14th.
Shares of SYN opened at $0.84 on Friday. Synthetic Biologics has a one year low of $0.77 and a one year high of $26.60.
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About Synthetic Biologics
Synthetic Biologics, Inc, a late-stage clinical company, develops therapeutics designed to preserve the microbiome to protect and restore the health of patients. Its lead product candidates are in Phase III development, such as SYN-004 that is designed to protect the gut microbiome from the effects of commonly used intravenous (IV) beta-lactam antibiotics for the prevention of C.
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