Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Up 3,525.7% in April

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 1,772,777 shares, a growth of 3,525.7% from the March 31st total of 48,895 shares. Approximately 27.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,222,318 shares, the days-to-cover ratio is presently 0.2 days.

Synergy CHC Price Performance

SNYR stock opened at $0.40 on Friday. Synergy CHC has a 1 year low of $0.39 and a 1 year high of $4.00. The firm has a market capitalization of $5.91 million, a PE ratio of -0.37 and a beta of 2.92. The business has a 50 day simple moving average of $1.07 and a 200-day simple moving average of $1.69.

Synergy CHC (NASDAQ:SNYR) last announced its quarterly earnings data on Wednesday, April 1st. The company reported ($1.54) EPS for the quarter. The company had revenue of $6.07 million for the quarter. Synergy CHC had a negative return on equity of 19.51% and a negative net margin of 42.59%. On average, equities research analysts expect that Synergy CHC will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new position in shares of Synergy CHC during the 2nd quarter valued at about $29,000. DRW Securities LLC purchased a new position in Synergy CHC during the fourth quarter worth about $36,000. Virtu Financial LLC purchased a new position in Synergy CHC during the third quarter worth about $38,000. XTX Topco Ltd acquired a new position in Synergy CHC in the 2nd quarter valued at about $57,000. Finally, Warberg Asset Management LLC acquired a new position in Synergy CHC in the 3rd quarter valued at about $82,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on SNYR shares. Weiss Ratings lowered shares of Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Friday, April 10th. Ascendiant Capital Markets raised 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. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.