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

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

Institutional Investors Weigh In On Synergy CHC

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Synergy CHC during the second quarter valued at approximately $57,000. Geode Capital Management LLC bought a new position in shares of Synergy CHC during the second quarter worth $29,000. DRW Securities LLC bought a new position in shares of Synergy CHC during the fourth quarter worth $36,000. Finally, Virtu Financial LLC purchased a new position in Synergy CHC during the third quarter valued at $38,000.

Analyst Ratings Changes

A number of equities analysts recently commented on SNYR shares. Zacks Research raised Synergy CHC from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings downgraded Synergy CHC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Synergy CHC currently has a consensus rating of “Hold” and a consensus target price of $6.25.

Synergy CHC Stock Up 2.2%

NASDAQ:SNYR traded up $0.00 on Tuesday, reaching $0.11. 747,326 shares of the company’s stock traded hands, compared to its average volume of 3,174,299. The stock has a 50-day simple moving average of $0.17 and a 200-day simple moving average of $0.54. Synergy CHC has a 12 month low of $0.08 and a 12 month high of $2.96. The firm has a market cap of $1.62 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.