Short Interest in Synergy Resources Corp Declines By 1.0% (SYRG)
Shares of Synergy Resources Corp (NYSE:SYRG) were the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 9,428,448 shares, a decrease of 1.0% from the July 31st total of 9,521,879 shares, StockRatingsNetwork.com reports. Approximately 14.0% of the shares of the company are sold short. Based on an average trading volume of 1,313,320 shares, the days-to-cover ratio is presently 7.2 days.
Separately, 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.
Shares of Synergy Resources Corp (NYSE:SYRG) opened at 13.26 on Thursday. Synergy Resources Corp has a 52-week low of $8.11 and a 52-week high of $14.11. The stock has a 50-day moving average of $12.22 and a 200-day moving average of $11.41. The company has a market cap of $1.029 billion and a P/E ratio of 50.84.
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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