Synergy CHC Corp. (NASDAQ:SNYR) Sees Significant Increase in Short Interest

Synergy CHC Corp. (NASDAQ:SNYR – Get Free Report) was the recipient of a large increase in short interest during the month of 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. Based on an average daily volume of 47,695,679 shares, the days-to-cover ratio is presently 0.0 days. Approximately 22.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several analysts have recently commented on SNYR shares. Zacks Research upgraded Synergy CHC from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.25.

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Synergy CHC Price Performance

Shares of Synergy CHC stock opened at $0.09 on Friday. The firm has a 50 day simple moving average of $0.13 and a 200 day simple moving average of $0.37. Synergy CHC has a fifty-two week low of $0.07 and a fifty-two week high of $2.96. The firm has a market cap of $1.36 million, a P/E ratio of -0.06 and a beta of -0.25.

Synergy CHC Company Profile

(Get Free Report)

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.

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