Synergy CHC Corp. (NASDAQ:SNYR) Shares Shorted: Short Interest Up 1,189.6% in September

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,226,086 shares, a growth of 1,189.6% from the August 31st total of 172,622 shares. Based on an average daily volume of 47,695,679 shares, the days-to-cover ratio is presently 0.0 days. Approximately 22.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

SNYR has been the subject of a number of research reports. Zacks Research raised Synergy CHC from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings raised Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.25.

Synergy CHC Stock Performance

Shares of Synergy CHC stock remained flat at $0.09 during trading hours on Thursday. The stock’s 50-day moving average is $0.13 and its two-hundred day moving average is $0.37. Synergy CHC has a 1 year low of $0.07 and a 1 year high of $2.96. The stock has a market capitalization of $1.36 million, a price-to-earnings ratio of -0.06 and a beta of -0.25.

About Synergy CHC

Synergy CHC Corp. is a consumer health and wellness company focused on developing, marketing and distributing products intended to support everyday health and personal care. Its business has included consumer-oriented health, beauty and wellness offerings sold through retail and online channels.

The company’s product portfolio has included dietary supplements, personal-care products and other consumer health items. Synergy CHC has emphasized branded products designed for consumers seeking wellness, nutrition and related personal-care solutions.

Synergy CHC has operated as a publicly traded company under the symbol SNYR.