Synergy Resources Corp Short Interest Up 0.9% in June (SYRG)
Shares of Synergy Resources Corp (NYSE:SYRG) were the recipient of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 7,161,501 shares, a growth of 0.9% from the May 30th total of 7,094,204 shares, StockRatingsNetwork reports. Approximately 11.2% of the shares of the company are short sold. Based on an average daily trading volume, of 373,586 shares, the days-to-cover ratio is presently 19.2 days.
A number of analysts have recently weighed in on SYRG shares. 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) opened at 12.96 on Wednesday. Synergy Resources Corp has a 52 week low of $6.90 and a 52 week high of $13.84. The stock’s 50-day moving average is $11.74 and its 200-day moving average is $10.3. The company has a market cap of $1.000 billion and a price-to-earnings ratio of 59.65.
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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