Synergy CHC Corp. (NASDAQ:SNYR) Sees Large Decline in Short Interest

Synergy CHC Corp. (NASDAQ:SNYR) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 79,207 shares, a decrease of 50.3% from the June 30th total of 159,367 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 208,861 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SNYR shares. Zacks Research cut shares of Synergy CHC from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Ascendiant Capital Markets increased their price target on shares of Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings raised 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.25.

Institutional Trading of Synergy CHC

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in shares of Synergy CHC during the 2nd quarter worth about $57,000. DRW Securities LLC bought a new position in Synergy CHC in the 4th quarter valued at about $36,000. Virtu Financial LLC acquired a new stake in Synergy CHC during the third quarter worth approximately $38,000. Finally, Geode Capital Management LLC acquired a new stake in Synergy CHC during the second quarter worth approximately $29,000.

Synergy CHC Trading Up 0.2%

NASDAQ:SNYR traded up $0.00 on Wednesday, hitting $0.17. The company’s stock had a trading volume of 192,276 shares, compared to its average volume of 1,693,210. Synergy CHC has a one year low of $0.16 and a one year high of $3.99. The firm has a market capitalization of $2.58 million, a P/E ratio of -0.12 and a beta of -0.14. The stock has a fifty day moving average of $0.21 and a two-hundred day moving average of $0.83.

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). The firm had revenue of $5.49 million during the quarter. As a group, sell-side analysts anticipate that Synergy CHC will post -0.19 EPS for the current year.

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.