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Shares of Synergy Resources Corp (NYSE:SYRG) were the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 9,521,879 shares, a decrease of 7.5% from the July 15th total of 10,292,731 shares, Stock Ratings News reports. Based on an average trading volume of 904,822 shares, the days-to-cover ratio is currently 10.5 days. Approximately 14.1% of the shares of the stock are short sold.

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. 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.

Shares of Synergy Resources Corp (NYSE:SYRG) opened at 12.79 on Tuesday. Synergy Resources Corp has a 1-year low of $7.12 and a 1-year high of $14.11. The stock has a 50-day moving average of $12.26 and a 200-day moving average of $11.08. The company has a market cap of $992.7 million and a P/E ratio of 49.04.

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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