Synlogic, Inc. (NASDAQ:SYBX) Sees Large Increase in Short Interest

Synlogic, Inc. (NASDAQ:SYBX) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 61,800 shares, an increase of 19.8% from the November 15th total of 51,600 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is presently 5.8 days.

Synlogic Price Performance

SYBX stock traded down $0.02 during mid-day trading on Friday, reaching $1.50. The company had a trading volume of 96,875 shares, compared to its average volume of 52,004. The company has a market capitalization of $17.55 million, a price-to-earnings ratio of -0.36 and a beta of 0.83. Synlogic has a 52 week low of $1.22 and a 52 week high of $5.12. The stock has a 50 day simple moving average of $1.43 and a two-hundred day simple moving average of $1.50.

Synlogic (NASDAQ:SYBX) last issued its earnings results on Tuesday, November 12th. The biotechnology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.17. Synlogic had a negative net margin of 2,284.65% and a negative return on equity of 207.84%. On average, equities analysts predict that Synlogic will post -2.71 EPS for the current year.

About Synlogic

Synlogic, Inc, a clinical-stage biopharmaceutical company, engages in the discovery and development of synthetic biotics to treat metabolic diseases in the United States. Its pipeline include SYNB1618, an orally administered, non-systemically absorbed drug candidate to treat phenylketonuria; SYNB1934, an orally administered, non-systemically absorbed drug candidate, which is in Phase III clinical trial to treat phenylketonuria; SYNB1353, an orally administered, non-systemically absorbed drug candidate, which is in Phase I clinical to treat homocystinuria; SYNB8802, an orally administered, non-systemically absorbed drug candidate that is in Phase II clinical trial for the treatment of enteric hyperoxaluria; and SYNB2081 to lower uric acid for the potential treatment of gout.