What Next for Synthesis Energy Systems Incorporated (NASDAQ:SYMX) Stock After Increase in Shorted Shares?

February 1, 2018 - By Henry Gaston

 What Next for Synthesis Energy Systems Incorporated (NASDAQ:SYMX) Stock After Increase in Shorted Shares?

Investors sentiment increased to 1.6 in Q3 2017. Its up 0.60, from 1 in 2017Q2. It increased, as 3 investors sold Synthesis Energy Systems, Inc. shares while 2 reduced holdings. 3 funds opened positions while 5 raised stakes. 24.82 million shares or 1.80% less from 25.28 million shares in 2017Q2 were reported.
Blackrock Inc holds 267,549 shares. Northern Trust Corp holds 0% of its portfolio in Synthesis Energy Systems, Inc. (NASDAQ:SYMX) for 138,120 shares. Asset Mgmt stated it has 405,700 shares or 0.04% of all its holdings. Citigroup reported 4,600 shares. Raymond James Fincl Services Advsrs reported 17,500 shares. Commercial Bank Of Mellon Corporation has 0% invested in Synthesis Energy Systems, Inc. (NASDAQ:SYMX) for 45,017 shares. Citadel Limited reported 52,355 shares. Bank Of America De has invested 0% in Synthesis Energy Systems, Inc. (NASDAQ:SYMX). Credit Suisse Ag holds 7.02 million shares. Schwab Charles Inv Management Inc accumulated 334,602 shares. Vanguard Gru reported 0% of its portfolio in Synthesis Energy Systems, Inc. (NASDAQ:SYMX). Prescott Grp Cap Management Ltd Co reported 3.66M shares stake. Geode Management Limited Liability invested in 442,617 shares. Bridgeway Management Incorporated invested in 117,200 shares. State Street reported 21,000 shares or 0% of all its holdings.

The stock of Synthesis Energy Systems Incorporated (NASDAQ:SYMX) registered an increase of 4.4% in short interest. SYMX’s total short interest was 1.39M shares in February as published by FINRA. Its up 4.4% from 1.33M shares, reported previously. With 101,600 shares average volume, it will take short sellers 14 days to cover their SYMX’s short positions. The short interest to Synthesis Energy Systems Incorporated’s float is 2.23%.

The stock decreased 2.31% or $0.01 during the last trading session, reaching $0.38. About 635,025 shares traded or 346.23% up from the average. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) has declined 19.00% since February 1, 2017 and is downtrending. It has underperformed by 35.70% the S&P500.

Synthesis Energy Systems, Inc., an energy and gasification technology company, together with its subsidiaries, provides proprietary gasification technology systems and solutions to the energy and chemical industries worldwide. The company has market cap of $4.16 million. The firm offers U-GAS fluidized bed gasification technology that produces synthesis gas from various energy resources, including coal, biomass, municipal wastes, refuse derived fuels, and petroleum coke. It currently has negative earnings. The Company’s synthesis gas can be converted into a range of energy and chemical products, such as industrial fuel gas, substitute natural gas, electricity, hydrogen, ammonia, and methanol.

More notable recent Synthesis Energy Systems, Inc. (NASDAQ:SYMX) news were published by: Globenewswire.com which released: “Synthesis Energy Systems, Inc. to Present at the 2017 Syngas Technologies …” on October 16, 2017, also Globenewswire.com with their article: “Synthesis Energy Systems and Midrex Announce Milestone towards State-of-the …” published on January 08, 2018, Globenewswire.com published: “Synthesis Energy Systems, Inc. Reports Fiscal 2017 Second Quarter Financial …” on February 13, 2017. More interesting news about Synthesis Energy Systems, Inc. (NASDAQ:SYMX) were released by: Globenewswire.com and their article: “Synthesis Energy Systems Announces Batchfire Resources Secures Extension of …” published on January 10, 2018 as well as Globenewswire.com‘s news article titled: “Synthesis Energy Systems, Inc. Reports Fiscal 2017 Financial Results and …” with publication date: October 25, 2017.

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