Investors Buy Large Volume of Zynerba Pharmaceuticals Put Options (NASDAQ:ZYNE)

Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) saw unusually large options trading activity on Tuesday. Investors bought 2,036 put options on the stock. This is an increase of approximately 1,655% compared to the typical volume of 116 put options.

NASDAQ ZYNE opened at $10.54 on Wednesday. The company has a fifty day simple moving average of $11.03 and a 200 day simple moving average of $10.23. Zynerba Pharmaceuticals has a 12-month low of $2.75 and a 12-month high of $16.47. The company has a market cap of $248.94 million, a P/E ratio of -4.04 and a beta of 4.79.

Zynerba Pharmaceuticals (NASDAQ:ZYNE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.50). As a group, sell-side analysts anticipate that Zynerba Pharmaceuticals will post -2.02 EPS

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