Synergy CHC Corp. (NASDAQ:SNYR) Sees Significant Growth in Short Interest

Synergy CHC Corp. (NASDAQ:SNYR) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 187,273 shares, an increase of 68.1% from the July 30th total of 111,389 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 945,500 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SNYR. Weiss Ratings downgraded Synergy CHC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 25th. Zacks Research raised Synergy CHC from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.25.

Institutional Trading of Synergy CHC

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new stake in Synergy CHC during the 2nd quarter worth about $29,000. DRW Securities LLC acquired a new position in shares of Synergy CHC in the 4th quarter valued at about $36,000. Virtu Financial LLC bought a new stake in shares of Synergy CHC during the 3rd quarter valued at about $38,000. Finally, XTX Topco Ltd acquired a new stake in Synergy CHC during the second quarter worth approximately $57,000.

Synergy CHC Stock Performance

Shares of NASDAQ:SNYR traded up $0.00 during trading on Monday, reaching $0.11. The stock had a trading volume of 568,936 shares, compared to its average volume of 3,182,627. The firm’s fifty day moving average is $0.17 and its 200 day moving average is $0.56. Synergy CHC has a 52 week low of $0.08 and a 52 week high of $2.96. The stock has a market cap of $1.60 million, a price-to-earnings ratio of -0.08 and a beta of -0.14.

About Synergy CHC

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.