Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Update

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,404,749 shares, an increase of 1,359.5% from the May 14th total of 233,283 shares. Approximately 52.0% of the shares of the company are sold short. Based on an average daily trading volume, of 13,395,011 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SNYR. Weiss Ratings cut Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a report on Friday, April 10th. Ascendiant Capital Markets boosted their price target on Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.25.

Synergy CHC Stock Up 0.2%

Shares of NASDAQ SNYR traded up $0.00 during trading on Wednesday, reaching $0.20. The company had a trading volume of 132,742 shares, compared to its average volume of 2,095,103. The stock has a market cap of $2.97 million, a P/E ratio of -0.14 and a beta of -0.27. The company’s fifty day moving average price is $0.44 and its 200-day moving average price is $1.25. Synergy CHC has a 12 month low of $0.19 and a 12 month high of $4.00.

Synergy CHC (NASDAQ:SNYR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts predict that Synergy CHC will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On Synergy CHC

Hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. bought a new position in shares of Synergy CHC during the 3rd quarter valued at approximately $1,342,000. Warberg Asset Management LLC purchased a new stake in Synergy CHC during the 3rd quarter worth about $82,000. XTX Topco Ltd purchased a new stake in Synergy CHC in the 2nd quarter worth approximately $57,000. DRW Securities LLC purchased a new stake in shares of Synergy CHC in the 4th quarter valued at about $36,000. Finally, Virtu Financial LLC purchased a new stake in Synergy CHC in the third quarter valued at approximately $38,000.

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.