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

Synergy CHC Corp. (NASDAQ:SNYR) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 55,858 shares, an increase of 51.4% from the February 26th total of 36,883 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 20,360 shares, the short-interest ratio is currently 2.7 days.

Synergy CHC Trading Up 2.5%

SNYR stock traded up $0.03 during midday trading on Friday, hitting $1.21. 3,507 shares of the company’s stock were exchanged, compared to its average volume of 22,887. Synergy CHC has a 1-year low of $0.99 and a 1-year high of $4.08. The stock has a market capitalization of $13.61 million, a PE ratio of 4.17 and a beta of 3.63. The business has a 50-day simple moving average of $1.53 and a two-hundred day simple moving average of $1.93.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Heartland Advisors Inc. purchased a new stake in shares of Synergy CHC during the third quarter worth $1,342,000. Warberg Asset Management LLC acquired a new position in Synergy CHC during the 3rd quarter worth $82,000. Geode Capital Management LLC acquired a new position in Synergy CHC during the 2nd quarter worth $29,000. XTX Topco Ltd purchased a new stake in Synergy CHC during the 2nd quarter worth about $57,000. Finally, Virtu Financial LLC acquired a new stake in Synergy CHC in the 3rd quarter valued at about $38,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Synergy CHC in a research report on Monday, December 29th. Ascendiant Capital Markets initiated coverage on Synergy CHC in a report on Monday, February 2nd. They issued a “buy” rating and a $5.00 target price for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Synergy CHC has a consensus rating of “Moderate Buy” and an average target price of $6.00.

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.