Synergy CHC Corp. (NASDAQ:SNYR – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,404,749 shares, an increase of 1,359.5% from the May 14th total of 233,283 shares. Approximately 52.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,395,011 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Synergy CHC
A number of large investors have recently added to or reduced their stakes in SNYR. Heartland Advisors Inc. bought a new stake in Synergy CHC during the third quarter worth approximately $1,342,000. Warberg Asset Management LLC bought a new stake in Synergy CHC during the third quarter worth approximately $82,000. XTX Topco Ltd bought a new stake in Synergy CHC during the second quarter worth approximately $57,000. DRW Securities LLC bought a new stake in Synergy CHC during the fourth quarter worth approximately $36,000. Finally, Virtu Financial LLC bought a new stake in Synergy CHC during the third quarter worth approximately $38,000.
Synergy CHC Stock Up 1.0%
Shares of SNYR traded up $0.00 during trading hours on Thursday, reaching $0.19. The company’s stock had a trading volume of 254,179 shares, compared to its average volume of 2,082,460. The firm has a market cap of $2.85 million, a price-to-earnings ratio of -0.13 and a beta of -0.27. Synergy CHC has a 1-year low of $0.19 and a 1-year high of $4.00. The company has a 50 day moving average of $0.42 and a two-hundred day moving average of $1.24.
Wall Street Analyst Weigh In
Several research firms have issued reports on SNYR. Ascendiant Capital Markets boosted their price objective on Synergy CHC from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings downgraded Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.25.
Check Out Our Latest Analysis on SNYR
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.
Read More
- Five stocks we like better than Synergy CHC
- DraftKings Hits the Jackpot With Super App Pivot
- SpaceX IPO Fears Are Overblown, But the AI Bet Is Real
- 3 Stocks Cashing In on AI While Everyone Watches NVIDIA
- 2 Ways to Play the QXO/TopBuild Deal
Receive News & Ratings for Synergy CHC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synergy CHC and related companies with MarketBeat.com's FREE daily email newsletter.
