Is A Short Squeeze Ahead for Synta Pharmaceuticals Corp. (SNTA)? - Tale of the Tape

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Many investors appear to be quite bearish Synta Pharmaceuticals Corp. (SNTA) especially if you look at the percentage of the float that is sold short for this stock. Currently, 56.9% of the float is sold short, suggesting an extreme level of bearishness for SNTA.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2(Buy)on SNTA, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of SNTA to move higher in the weeks ahead.




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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: SNTA

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