15 Penny Stocks Poised To Explode According To Hedge Funds

Page 6 of 16

5. Synergy Pharmaceuticals Inc (NASDAQ:SGYP)

There were 20 funds tracked by Insider Monkey long Synergy Pharmaceuticals Inc (NASDAQ:SGYP) at the end of June, down by seven over the quarter. Subsequently, the total value of their holdings fell to $330.12 million from $342.30 million and represented 33% of the company’s outstanding stock. Synergy Pharmaceuticals Inc (NASDAQ:SGYP)’s stock has slid by more than 50% since the beginning of the year, amid several consecutive earnings misses. However, for the second quarter, its revenue of $2.30 million managed to beat the estimates by $340,000. Synergy Pharmaceuticals Inc (NASDAQ:SGYP) had its first drug approved in December and analysts estimate that the company might turn to profitability in 2018.

Page 6 of 16