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 increase in short interest in September. As of September 15th, there was short interest totaling 2,226,086 shares, an increase of 1,189.6% from the August 31st total of 172,622 shares. Currently, 22.0% of the shares of the stock are short sold. Based on an average daily volume of 47,695,679 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SNYR shares. Zacks Research upgraded shares of Synergy CHC from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.25.

Synergy CHC Price Performance

NASDAQ SNYR remained flat at $0.09 during trading hours on Thursday. Synergy CHC has a 52 week low of $0.07 and a 52 week high of $2.96. The stock has a market cap of $1.36 million, a P/E ratio of -0.06 and a beta of -0.25. The stock has a 50 day moving average price of $0.13 and a two-hundred day moving average price of $0.37.

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.