Synergy Pharmaceuticals, Inc. (SGYP) Short Interest Update

Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 32,194,265 shares, an increase of 17.6% from the January 13th total of 27,377,279 shares. Currently, 18.8% of the shares of the company are sold short. Based on an average daily volume of 9,363,337 shares, the days-to-cover ratio is presently 3.4 days.

Shares of Synergy Pharmaceuticals (NASDAQ:SGYP) opened at 6.17 on Friday. Synergy Pharmaceuticals has a one year low of $2.50 and a one year high of $7.15. The stock’s market capitalization is $1.11 billion. The stock’s 50 day moving average price is $6.28 and its 200 day moving average price is $5.35.

Several research analysts have recently issued reports on SGYP shares. BTIG Research reissued a “buy” rating and issued a $11.00 price target on shares of Synergy Pharmaceuticals in a research note on Tuesday, December 6th. Zacks Investment Research raised Synergy Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, December 13th. Canaccord Genuity set a $13.00 price target on Synergy Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, December 9th. HC Wainwright set a $16.00 price target on Synergy Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, December 12th. Finally, Rodman & Renshaw increased their price target on Synergy Pharmaceuticals from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Synergy Pharmaceuticals currently has a consensus rating of “Buy” and a consensus price target of $10.88.

Several institutional investors have recently bought and sold shares of SGYP. Teacher Retirement System of Texas increased its position in Synergy Pharmaceuticals by 29.2% in the third quarter. Teacher Retirement System of Texas now owns 19,485 shares of the biopharmaceutical company’s stock valued at $107,000 after buying an additional 4,404 shares during the period. Aperio Group LLC increased its position in shares of Synergy Pharmaceuticals by 48.0% in the third quarter. Aperio Group LLC now owns 22,346 shares of the biopharmaceutical company’s stock valued at $123,000 after buying an additional 7,249 shares during the last quarter. Legal & General Group Plc increased its position in shares of Synergy Pharmaceuticals by 60.0% in the second quarter. Legal & General Group Plc now owns 29,343 shares of the biopharmaceutical company’s stock valued at $109,000 after buying an additional 11,001 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Synergy Pharmaceuticals by 64.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,618 shares of the biopharmaceutical company’s stock valued at $199,000 after buying an additional 12,780 shares during the last quarter. Finally, DIAM Co. Ltd. acquired a new position in shares of Synergy Pharmaceuticals during the third quarter valued at about $208,000. Institutional investors and hedge funds own 55.53% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Synergy Pharmaceuticals, Inc. (SGYP) Short Interest Update” was reported by sleekmoney and is owned by of sleekmoney. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at http://sleekmoney.com/synergy-pharmaceuticals-inc-sgyp-short-interest-update/1655383.html.

Synergy Pharmaceuticals Company Profile

Synergy Pharmaceuticals Inc (Synergy) is a biopharmaceutical company focused on the development and commercialization of gastrointestinal (GI) therapies. The Company’s GI platform includes two lead product candidates: plecanatide and dolcanatide. It is engaged in the discovery, research and development involving uroguanylin analogs for the treatment of functional GI disorders and inflammatory bowel disease.

5 Day Chart for NASDAQ:SGYP

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/synergy-pharmaceuticals-inc-sgyp-short-interest-update/1655383.html

Receive News & Ratings for Synergy Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synergy Pharmaceuticals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *