Synergy Resources Corp Sees Large Growth in Short Interest (SYRG)
Synergy Resources Corp (NYSE:SYRG) saw a significant increase in short interest during the month of May. As of May 30th, there was short interest totalling 7,094,204 shares, an increase of 1.0% from the May 15th total of 7,021,883 shares, Stock Ratings News reports. Based on an average daily trading volume, of 395,070 shares, the days-to-cover ratio is presently 18.0 days. Approximately 11.1% of the shares of the company are sold short.
A number of research firms have recently commented on SYRG. 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, May 30th. 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 2.33% on Tuesday, hitting $11.75. 309,735 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 $11.39 and its 200-day moving average is $10.09. The company has a market cap of $906.9 million and a price-to-earnings ratio of 52.53.
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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