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

Synergy CHC Corp. (NASDAQ:SNYR) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 66,457 shares, a decrease of 98.0% from the May 31st total of 3,404,749 shares. Based on an average trading volume of 976,229 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Trading of Synergy CHC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in 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 in the last quarter. Virtu Financial LLC purchased a new stake in Synergy CHC during the 3rd quarter valued at approximately $38,000. DRW Securities LLC purchased a new stake in Synergy CHC during the 4th quarter valued at approximately $36,000. Finally, XTX Topco Ltd bought a new stake in shares of Synergy CHC during the second quarter valued at approximately $57,000.

Synergy CHC Trading Up 3.1%

Shares of SNYR traded up $0.01 during trading hours on Friday, reaching $0.21. 451,339 shares of the stock traded hands, compared to its average volume of 986,806. The company has a market cap of $3.15 million, a P/E ratio of -0.15 and a beta of -0.27. The company’s 50-day moving average price is $0.29 and its two-hundred day moving average price is $1.09. Synergy CHC has a 52-week low of $0.18 and a 52-week high of $4.00.

Synergy CHC (NASDAQ:SNYR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). Synergy CHC had a negative net margin of 60.02% and a negative return on equity of 19.51%. The business had revenue of $5.49 million for the quarter. On average, research analysts forecast that Synergy CHC will post -0.19 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SNYR shares. Zacks Research downgraded Synergy CHC from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Ascendiant Capital Markets raised their price objective on shares of Synergy CHC from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings lowered shares of Synergy CHC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.25.

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.