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

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

Synergy CHC Stock Performance

Synergy CHC stock traded down $0.00 during trading on Wednesday, reaching $0.19. The company had a trading volume of 156,788 shares, compared to its average volume of 1,806,107. Synergy CHC has a 12-month low of $0.18 and a 12-month high of $4.00. The stock’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.95. The firm has a market capitalization of $2.92 million, a price-to-earnings ratio of -0.14 and a beta of -0.14.

Synergy CHC (NASDAQ:SNYR) last posted its quarterly earnings results 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 business had revenue of $5.49 million for the quarter. As a group, research analysts expect that Synergy CHC will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Synergy CHC from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Ascendiant Capital Markets boosted their price target on Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings raised Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Synergy CHC has a consensus rating of “Hold” and a consensus target price of $6.25.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SNYR. DRW Securities LLC acquired a new position in Synergy CHC in the fourth quarter valued at $36,000. Geode Capital Management LLC raised its holdings in shares of Synergy CHC by 29.9% in the 4th quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock worth $67,000 after purchasing an additional 8,288 shares during the period. Virtu Financial LLC acquired a new position in shares of Synergy CHC in the 3rd quarter valued at about $38,000. Finally, XTX Topco Ltd acquired a new position in shares of Synergy CHC in the 2nd quarter valued at about $57,000.

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.