Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Down 98.0% in June

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 66,457 shares, a decrease of 98.0% from the May 31st total of 3,404,749 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 976,229 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several analysts have issued reports on SNYR shares. Zacks Research lowered shares of Synergy CHC from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Ascendiant Capital Markets upped their price objective on shares of Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings cut shares of Synergy CHC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.25.

Institutional Trading of Synergy CHC

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Synergy CHC by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock valued at $67,000 after acquiring an additional 8,288 shares during the period. Virtu Financial LLC bought a new position in Synergy CHC during the third quarter worth about $38,000. XTX Topco Ltd acquired a new stake in Synergy CHC during the second quarter valued at approximately $57,000. Finally, DRW Securities LLC acquired a new stake in Synergy CHC during the fourth quarter valued at approximately $36,000.

Synergy CHC Price Performance

Shares of SNYR traded down $0.01 on Thursday, reaching $0.20. 147,528 shares of the stock traded hands, compared to its average volume of 1,973,544. The stock’s 50-day moving average price is $0.30 and its 200-day moving average price is $1.10. The firm has a market cap of $3.06 million, a price-to-earnings ratio of -0.14 and a beta of -0.27. Synergy CHC has a 12 month low of $0.18 and a 12 month high of $4.00.

Synergy CHC (NASDAQ:SNYR) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.26). Synergy CHC had a negative return on equity of 19.51% and a negative net margin of 60.02%.The firm had revenue of $5.49 million during the quarter. As a group, equities research analysts forecast that Synergy CHC will post -0.19 earnings per share for the current fiscal year.

Synergy CHC Company Profile

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.