Short Interest in Synergy CHC Corp. (NASDAQ:SNYR) Expands By 229.8%

Synergy CHC Corp. (NASDAQ:SNYR) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 36,883 shares, an increase of 229.8% from the February 12th total of 11,184 shares. Based on an average daily volume of 35,569 shares, the short-interest ratio is presently 1.0 days. Approximately 0.8% of the company’s shares are sold short. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 35,569 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Synergy CHC

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new stake in shares of Synergy CHC in the second quarter valued at about $29,000. XTX Topco Ltd purchased a new stake in Synergy CHC in the 2nd quarter valued at about $57,000. Sanders Morris Harris LLC lifted its position in shares of Synergy CHC by 5.0% during the 3rd quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock worth $956,000 after buying an additional 18,701 shares in the last quarter. Warberg Asset Management LLC purchased a new position in shares of Synergy CHC in the 3rd quarter worth approximately $82,000. Finally, Heartland Advisors Inc. purchased a new position in shares of Synergy CHC in the 3rd quarter worth approximately $1,342,000.

Synergy CHC Stock Performance

SNYR stock opened at $1.30 on Wednesday. The company has a market capitalization of $14.63 million, a P/E ratio of 4.48 and a beta of 3.63. Synergy CHC has a 52-week low of $1.27 and a 52-week high of $4.08. The business has a 50-day simple moving average of $1.68 and a two-hundred day simple moving average of $2.03.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SNYR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Synergy CHC in a report on Monday, December 29th. Ascendiant Capital Markets began coverage on shares of Synergy CHC in a research note on Monday, February 2nd. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Roth Mkm reduced their price target on shares of Synergy CHC from $10.00 to $7.00 and set a “buy” rating for the company in a report on Friday, November 14th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Synergy CHC has an average rating of “Moderate Buy” and an average price target of $6.00.

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.