Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Down 41.5% in January

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 9,426 shares, a decrease of 41.5% from the December 31st total of 16,103 shares. Based on an average daily volume of 12,444 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 12,444 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Synergy CHC

Several large investors have recently made changes to their positions in SNYR. Virtu Financial LLC bought a new stake in Synergy CHC in the 3rd quarter valued at about $38,000. Heartland Advisors Inc. acquired a new stake in Synergy CHC in the third quarter valued at approximately $1,342,000. Warberg Asset Management LLC acquired a new stake in Synergy CHC in the third quarter valued at approximately $82,000. Sanders Morris Harris LLC increased its holdings in shares of Synergy CHC by 5.0% during the third quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock valued at $956,000 after acquiring an additional 18,701 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Synergy CHC during the 2nd quarter valued at $57,000.

Analyst Upgrades and Downgrades

SNYR has been the topic of a number of research analyst reports. Roth Mkm reduced their target price on Synergy CHC from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synergy CHC in a research note on Monday, December 29th. Finally, Wall Street Zen cut Synergy CHC from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Synergy CHC presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Synergy CHC Trading Down 2.1%

NASDAQ SNYR traded down $0.04 during trading hours on Friday, hitting $1.80. 10,293 shares of the company’s stock were exchanged, compared to its average volume of 31,030. The firm has a market cap of $20.26 million, a price-to-earnings ratio of 6.21 and a beta of 3.48. The stock has a 50-day simple moving average of $1.89 and a 200 day simple moving average of $2.43. Synergy CHC has a 1-year low of $1.30 and a 1-year high of $4.26.

Synergy CHC (NASDAQ:SNYR) last released its earnings results on Thursday, November 13th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $8.01 million for the quarter. Synergy CHC had a net margin of 7.77% and a negative return on equity of 19.51%. On average, sell-side analysts anticipate that Synergy CHC will post 0.36 earnings per share for the current fiscal year.

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.