Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Down 87.1% in April

Synergy CHC Corp. (NASDAQ:SNYR) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 229,140 shares, a decline of 87.1% from the April 15th total of 1,772,777 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily volume of 815,423 shares, the days-to-cover ratio is presently 0.3 days.

Synergy CHC Stock Down 7.9%

Shares of SNYR stock traded down $0.03 on Tuesday, reaching $0.30. The company’s stock had a trading volume of 388,924 shares, compared to its average volume of 1,048,910. Synergy CHC has a 12-month low of $0.28 and a 12-month high of $4.00. The company has a market capitalization of $4.51 million, a P/E ratio of -0.28 and a beta of -0.26. The stock’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $1.55.

Institutional Investors Weigh In On Synergy CHC

Large investors have recently added to or reduced their stakes in the company. Heartland Advisors Inc. purchased a new stake in Synergy CHC during the third quarter valued at about $1,342,000. Geode Capital Management LLC bought a new position in shares of Synergy CHC during the second quarter valued at about $29,000. XTX Topco Ltd bought a new position in shares of Synergy CHC during the second quarter valued at about $57,000. Virtu Financial LLC bought a new stake in shares of Synergy CHC in the third quarter worth about $38,000. Finally, DRW Securities LLC bought a new stake in shares of Synergy CHC in the fourth quarter worth about $36,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNYR. Weiss Ratings cut Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Friday, April 10th. Ascendiant Capital Markets lifted their price target on Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Synergy CHC presently has an average rating of “Hold” and an average price target of $6.25.

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.