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

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a significant 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. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 945,500 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

SNYR has been the subject of a number of analyst reports. Weiss Ratings cut shares of Synergy CHC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 25th. Zacks Research upgraded shares of Synergy CHC from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Synergy CHC has a consensus rating of “Hold” and a consensus price target of $6.25.

Hedge Funds Weigh In On Synergy CHC

A number of large investors have recently added to or reduced their stakes in SNYR. Geode Capital Management LLC boosted its position in shares of Synergy CHC by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock valued at $67,000 after acquiring an additional 8,288 shares during the period. Virtu Financial LLC bought a new stake in Synergy CHC in the 3rd quarter valued at about $38,000. DRW Securities LLC acquired a new position in shares of Synergy CHC during the 4th quarter worth approximately $36,000. Finally, XTX Topco Ltd bought a new position in shares of Synergy CHC during the second quarter worth approximately $57,000.

Synergy CHC Price Performance

Shares of Synergy CHC stock opened at $0.11 on Wednesday. The company has a market capitalization of $1.63 million, a P/E ratio of -0.08 and a beta of -0.14. The business has a 50-day moving average of $0.16 and a two-hundred day moving average of $0.53. Synergy CHC has a 1 year low of $0.08 and a 1 year high of $2.96.

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.