Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Up 3,525.7% in April

Synergy CHC Corp. (NASDAQ:SNYR) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,772,777 shares, a growth of 3,525.7% from the March 31st total of 48,895 shares. Based on an average daily volume of 7,222,318 shares, the days-to-cover ratio is presently 0.2 days. Approximately 27.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SNYR. Weiss Ratings cut Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a report on Friday, April 10th. Ascendiant Capital Markets boosted their target price 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 research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.25.

Synergy CHC Price Performance

Shares of NASDAQ:SNYR traded down $0.00 during trading hours on Friday, hitting $0.40. 383,700 shares of the company’s stock traded hands, compared to its average volume of 1,052,535. Synergy CHC has a 1 year low of $0.39 and a 1 year high of $4.00. The business has a fifty day moving average price of $1.10 and a 200-day moving average price of $1.70. The firm has a market capitalization of $5.91 million, a P/E ratio of -0.37 and a beta of 2.92.

Synergy CHC (NASDAQ:SNYR) last announced its earnings results on Wednesday, April 1st. The company reported ($1.54) earnings per share (EPS) for the quarter. The business had revenue of $6.07 million for the quarter. Synergy CHC had a negative net margin of 42.59% and a negative return on equity of 19.51%. As a group, equities analysts predict that Synergy CHC will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Synergy CHC

Several hedge funds have recently made changes to their positions in SNYR. DRW Securities LLC purchased a new stake in Synergy CHC in the fourth quarter valued at $36,000. Geode Capital Management LLC boosted its holdings in Synergy CHC by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock valued at $67,000 after purchasing an additional 8,288 shares during the last quarter. Virtu Financial LLC purchased a new stake in Synergy CHC in the third quarter valued at $38,000. Heartland Advisors Inc. purchased a new stake in Synergy CHC in the third quarter valued at $1,342,000. Finally, Warberg Asset Management LLC purchased a new stake in Synergy CHC in the third quarter valued at $82,000.

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.