Synergy CHC Corp. (NASDAQ:SNYR) Short Interest Up 51.4% in March

Synergy CHC Corp. (NASDAQ:SNYR) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 55,858 shares, a growth of 51.4% from the February 26th total of 36,883 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 20,360 shares, the short-interest ratio is currently 2.7 days.

Wall Street Analyst Weigh In

A number of brokerages have commented on SNYR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synergy CHC in a report on Monday, December 29th. Ascendiant Capital Markets initiated coverage on Synergy CHC in a report on Monday, February 2nd. They issued a “buy” rating and a $5.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Investors Weigh In On Synergy CHC

A number of large investors have recently bought and sold shares of SNYR. Geode Capital Management LLC increased its position in shares of 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 buying an additional 8,288 shares in the last quarter. Virtu Financial LLC purchased a new position in Synergy CHC during the third quarter valued at $38,000. Sanders Morris Harris LLC grew its position in shares of Synergy CHC by 5.0% in the third quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock valued at $956,000 after purchasing an additional 18,701 shares during the period. DRW Securities LLC acquired a new stake in Synergy CHC in the 4th quarter worth about $36,000. Finally, XTX Topco Ltd purchased a new stake in Synergy CHC during the 2nd quarter worth approximately $57,000.

Synergy CHC Trading Up 2.5%

Shares of SNYR stock traded up $0.03 on Friday, reaching $1.21. 3,507 shares of the company’s stock were exchanged, compared to its average volume of 22,887. The company’s fifty day simple moving average is $1.53 and its 200 day simple moving average is $1.93. Synergy CHC has a 52 week low of $0.99 and a 52 week high of $4.08. The stock has a market capitalization of $13.61 million, a PE ratio of 4.17 and a beta of 3.63.

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.