Short Interest in Synergy CHC Corp. (NASDAQ:SNYR) Decreases By 37.5%

Synergy CHC Corp. (NASDAQ:SNYR) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 17,203 shares, a decrease of 37.5% from the November 30th total of 27,527 shares. Based on an average trading volume of 30,513 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 30,513 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Synergy CHC

A number of hedge funds have recently modified their holdings of SNYR. Geode Capital Management LLC purchased a new position in shares of Synergy CHC during the 2nd quarter worth approximately $29,000. Virtu Financial LLC purchased a new position in shares of Synergy CHC during the 3rd quarter worth approximately $38,000. XTX Topco Ltd purchased a new position in Synergy CHC during the second quarter worth $57,000. Warberg Asset Management LLC purchased a new position in Synergy CHC in the 3rd quarter valued at about $82,000. Finally, Sanders Morris Harris LLC boosted its holdings in shares of 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 purchasing an additional 18,701 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SNYR shares. Roth Capital cut their target price on Synergy CHC from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synergy CHC in a research report on Monday, December 22nd. Finally, Wall Street Zen cut shares of Synergy CHC from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Synergy CHC Stock Down 1.1%

Shares of NASDAQ:SNYR traded down $0.02 during trading on Monday, hitting $1.84. The stock had a trading volume of 14,123 shares, compared to its average volume of 327,717. Synergy CHC has a 12-month low of $1.30 and a 12-month high of $4.98. The stock has a market capitalization of $20.70 million, a price-to-earnings ratio of 6.34 and a beta of 3.46. The stock has a 50-day simple moving average of $2.09 and a two-hundred day simple moving average of $2.58.

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

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.