Synergy Resources Corporation June 15th Short Interest Update

Synergy Resources Corporation (NYSEMKT:SYRG) has witnessed a rise of 24.6% or 3,956,195 shares in its short figure. The short interest augmentation took it from 16,084,703 on May 31,2016 to 20,040,898 on June 15,2016. In terms of floated shares, the short interest was calculated to be 11.2%. The days to cover are 4 given that the daily volume averaged 4,977,705 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Synergy Resources Corporation (NYSEMKT:SYRG): The stock opened at $6.97 on Friday but the bulls could not build on the opening and the stock topped out at $7.12 for the day. The stock traded down to $6.71 during the day, due to lack of any buying support eventually closed down at $6.95 with a loss of -4.14% for the day. The stock had closed at $7.25 on the previous day. The total traded volume was 4,298,917 shares.

The company shares have dropped -39.14% from its 1 Year high price. On Oct 7, 2015, the shares registered one year high at $12.24 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $6.32 and the 200 Day Moving Average price is recorded at $7.07.

Synergy Resources Corporation (NYSEMKT:SYRG) has tumbled 3.07% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 16.42% in the last four weeks. The stocks have underperformed the S&P 500 by 1.46% during the past week but Synergy Resources Corporation (NYSEMKT:SYRG) it has outperformed the index in 4 weeks by 19.94%.

Synergy Resources Corporation is a shell company. The Company is an oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin has hydrocarbon-bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand. Its drilling and completion activities are focused in the Wattenberg Field, an area that covers the western flank of the D-J Basin, in Weld County, Colorado. It is focused on the horizontal development of the Codell and Niobrara formations. The Company operates over 423 producing wells and participated as non-operators in approximately 159 producing wells. It has approximately 442,000 gross and 342,000 net acres under lease, all of which are located in the greater D-J Basin. Its eastern Colorado mineral assets are located in Yuma and Washington counties.

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