Synergy Resources Corp Sees Significant Decrease in Short Interest (SYRG)
Shares of Synergy Resources Corp (NYSE:SYRG) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 7,021,883 shares, a drop of 0.5% from the April 30th total of 7,060,149 shares, StockRatingsNetwork.com reports. Currently, 11.0% of the company’s stock are short sold. Based on an average trading volume of 437,505 shares, the short-interest ratio is presently 16.0 days.
Several analysts have recently commented on the stock. Analysts at Roth Capital raised their price target on shares of Synergy Resources Corp from $14.00 to $15.00 in a research note on Friday. Separately, analysts at Brean Capital initiated coverage on shares of Synergy Resources Corp in a research note on Wednesday, May 14th. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Mizuho raised their price target on shares of Synergy Resources Corp from $13.00 to $15.00 in a research note on Monday, April 28th.
Shares of Synergy Resources Corp (NYSE:SYRG) traded down 1.18% during mid-day trading on Friday, hitting $11.74. 383,791 shares of the company’s stock traded hands. Synergy Resources Corp has a 52-week low of $6.23 and a 52-week high of $12.96. The stock’s 50-day moving average is $11.19 and its 200-day moving average is $9.99. The company has a market cap of $906.2 million and a P/E ratio of 51.88.
Synergy Resources Corporation is an oil and gas operator in Colorado. The Company is focused on the acquisition, development, exploitation, exploration and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin (NYSE:SYRG) in northeast Colorado.
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