Synergy CHC Corp. (NASDAQ:SNYR – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 159,367 shares, an increase of 139.8% from the June 15th total of 66,457 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 533,717 shares, the days-to-cover ratio is presently 0.3 days.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. Ascendiant Capital Markets lifted their target price on Synergy CHC from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Zacks Research lowered Synergy CHC from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.25.
Get Our Latest Analysis on SNYR
Synergy CHC Price Performance
Synergy CHC (NASDAQ:SNYR – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.26). The company had revenue of $5.49 million during the quarter. Sell-side analysts forecast that Synergy CHC will post -0.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Synergy CHC
Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in shares of Synergy CHC during the 2nd quarter valued at about $57,000. DRW Securities LLC bought a new stake in Synergy CHC in the fourth quarter valued at about $36,000. Virtu Financial LLC bought a new stake in Synergy CHC in the third quarter valued at about $38,000. Finally, Geode Capital Management LLC acquired a new position in Synergy CHC in the second quarter worth about $29,000.
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.
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