Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Up 229.8% in February

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a significant increase in short interest during the month of 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. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 35,569 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 35,569 shares, the short-interest ratio is currently 1.0 days. Currently, 0.8% of the shares of the company are sold short.

Analyst Ratings Changes

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

Synergy CHC Stock Down 0.8%

Synergy CHC stock opened at $1.29 on Thursday. The business’s 50-day moving average price is $1.67 and its 200 day moving average price is $2.02. The firm has a market cap of $14.51 million, a price-to-earnings ratio of 4.45 and a beta of 3.63. Synergy CHC has a 52 week low of $1.27 and a 52 week high of $4.08.

Institutional Investors Weigh In On Synergy CHC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Heartland Advisors Inc. purchased a new position in shares of Synergy CHC during the 3rd quarter valued at approximately $1,342,000. Sanders Morris Harris LLC boosted its holdings in Synergy CHC by 5.0% during the third 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. Geode Capital Management LLC boosted its holdings in Synergy CHC by 29.9% during the fourth quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock worth $67,000 after buying an additional 8,288 shares in the last quarter. Warberg Asset Management LLC acquired a new stake in Synergy CHC during the third quarter valued at $82,000. Finally, XTX Topco Ltd purchased a new position in Synergy CHC in the second quarter valued at $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.