Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Up 139.8% in June

Synergy CHC Corp. (NASDAQ:SNYR) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 159,367 shares, an increase of 139.8% from the June 15th total of 66,457 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 533,717 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Synergy CHC by 29.9% during the 4th quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock valued at $67,000 after purchasing an additional 8,288 shares during the last quarter. Virtu Financial LLC bought a new stake in Synergy CHC in the third quarter worth $38,000. XTX Topco Ltd purchased a new stake in Synergy CHC during the second quarter valued at about $57,000. Finally, DRW Securities LLC bought a new position in shares of Synergy CHC during the fourth quarter valued at about $36,000.

Synergy CHC Trading Down 0.9%

Shares of SNYR traded down $0.00 during midday trading on Thursday, reaching $0.20. The stock had a trading volume of 51,776 shares, compared to its average volume of 1,793,422. The company’s 50-day moving average is $0.24 and its 200 day moving average is $0.94. Synergy CHC has a 12-month low of $0.18 and a 12-month high of $4.00. The company has a market capitalization of $2.97 million, a price-to-earnings ratio of -0.14 and a beta of -0.14.

Synergy CHC (NASDAQ:SNYR) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The company had revenue of $5.49 million during the quarter. Research analysts forecast that Synergy CHC will post -0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on SNYR. Ascendiant Capital Markets lifted their target price 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. Zacks Research lowered shares of Synergy CHC from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.25.

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.