Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Update

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 9,426 shares, a decline of 41.5% from the December 31st total of 16,103 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 12,444 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 12,444 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Synergy CHC Price Performance

Shares of Synergy CHC stock opened at $1.87 on Friday. The firm has a market capitalization of $21.04 million, a PE ratio of 6.45 and a beta of 3.48. The company’s fifty day moving average price is $1.88 and its two-hundred day moving average price is $2.42. Synergy CHC has a 52-week low of $1.30 and a 52-week high of $4.26.

Synergy CHC (NASDAQ:SNYR) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $8.01 million during the quarter. Synergy CHC had a net margin of 7.77% and a negative return on equity of 19.51%. Analysts predict that Synergy CHC will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on SNYR shares. Roth Mkm decreased their target price on Synergy CHC from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Wall Street Zen lowered shares of Synergy CHC from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Synergy CHC in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

Institutional Trading of Synergy CHC

Several large investors have recently made changes to their positions in SNYR. Heartland Advisors Inc. bought a new stake in Synergy CHC during the 3rd quarter worth about $1,342,000. Sanders Morris Harris LLC grew its position in shares of Synergy CHC by 5.0% during the 3rd 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 during the period. Warberg Asset Management LLC acquired a new position in Synergy CHC during the third quarter valued at approximately $82,000. XTX Topco Ltd bought a new stake in shares of Synergy CHC in the 2nd quarter valued at $57,000. Finally, Virtu Financial LLC bought a new position in shares of Synergy CHC during the 3rd quarter valued at about $38,000.

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.