Short Interest in Synergy CHC Corp. (NASDAQ:SNYR) Decreases By 50.3%

Synergy CHC Corp. (NASDAQ:SNYR) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 79,207 shares, a decrease of 50.3% from the June 30th total of 159,367 shares. Based on an average trading volume of 208,861 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the shares of the company are short sold.

Synergy CHC Stock Performance

Shares of SNYR stock traded down $0.00 during mid-day trading on Thursday, reaching $0.17. 79,740 shares of the company were exchanged, compared to its average volume of 1,681,930. The business’s 50 day simple moving average is $0.21 and its 200 day simple moving average is $0.82. Synergy CHC has a fifty-two week low of $0.16 and a fifty-two week high of $3.99. The company has a market capitalization of $2.51 million, a P/E ratio of -0.12 and a beta of -0.14.

Synergy CHC (NASDAQ:SNYR) last released its 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). The business had revenue of $5.49 million during the quarter. On average, analysts forecast that Synergy CHC will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNYR. Zacks Research cut Synergy CHC from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Ascendiant Capital Markets boosted their target price on shares of Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded shares of Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.25.

Hedge Funds Weigh In On Synergy CHC

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased 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 worth $67,000 after acquiring an additional 8,288 shares in the last quarter. XTX Topco Ltd acquired a new stake in Synergy CHC during the second quarter worth $57,000. DRW Securities LLC bought a new stake in Synergy CHC in the fourth quarter valued at $36,000. Finally, Virtu Financial LLC acquired a new stake in Synergy CHC during the 3rd quarter valued at $38,000.

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.