Short Interest in Synergy Resources Corp Grows By 38.7% (SYRG)
Synergy Resources Corp (NYSE:SYRG) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 10,292,731 shares, a growth of 38.7% from the June 30th total of 7,421,617 shares, Stock Ratings Network.com reports. Based on an average daily volume of 1,213,709 shares, the days-to-cover ratio is currently 8.5 days. Currently, 15.4% of the company’s shares 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 1.07% during mid-day trading on Thursday, hitting $12.00. 738,019 shares of the company’s stock traded hands. Synergy Resources Corp has a 52-week low of $7.12 and a 52-week high of $14.11. The stock has a 50-day moving average of $12.52 and a 200-day moving average of $10.82. The company has a market cap of $931.4 million and a price-to-earnings ratio of 46.48.
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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