The Synergy Investment Group, a group of over 1,030 investors who have claimed to collectively own 37.5 million shares in Synergy Pharmaceuticals (SGYP) is losing no time to pick a new target after its victory on defeating shareholder-unfriendly proposals. This time the group is going after short-sellers of the stock. In its latest communication to shareholders, the Synergy Investment Group reports how the share price has been rising as short-sellers scramble to find more shares to short.
Synergy: An easy target for shorts
For months, shorts have reaped the rewards of almost