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

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

Hedge Funds Weigh In On Synergy CHC

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in 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 in the last quarter. Virtu Financial LLC bought a new position in shares of Synergy CHC in the third quarter valued at $38,000. DRW Securities LLC bought a new position in shares of Synergy CHC in the fourth quarter valued at $36,000. Finally, XTX Topco Ltd acquired a new position in shares of Synergy CHC during the second quarter valued at about $57,000.

Analyst Upgrades and Downgrades

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

Synergy CHC Stock Up 2.5%

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

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.