Short Interest in Senestech, Inc. (NASDAQ:SNES) Decreases By 80.2%

Senestech, Inc. (NASDAQ:SNES) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 112,700 shares, adropof80.2% from the July 31st total of 570,200 shares. Based on an average daily trading volume, of 175,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately2.4% of the shares of the stock are short sold. Approximately2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 175,500 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Senestech

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Senestech in the second quarter valued at approximately $161,000. Geode Capital Management LLC bought a new stake in shares of Senestech in the second quarter valued at approximately $59,000. Finally, Corsair Capital Management L.P. bought a new stake in shares of Senestech during the 2nd quarter valued at $255,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

Senestech Stock Performance

Shares of Senestech stock opened at $5.00 on Wednesday. The company has a market capitalization of $24.70 million, a PE ratio of -0.92 and a beta of 0.27. Senestech has a 12 month low of $1.30 and a 12 month high of $6.24. The company has a current ratio of 9.23, a quick ratio of 8.35 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $4.95 and its 200 day simple moving average is $3.38.

Senestech (NASDAQ:SNES) last announced its earnings results on Thursday, August 7th. The company reported ($0.87) earnings per share (EPS) for the quarter. The firm had revenue of $0.63 million during the quarter. Senestech had a negative net margin of 289.01% and a negative return on equity of 150.93%. On average, research analysts predict that Senestech will post -10.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SNES. Zacks Research upgraded Senestech to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen upgraded Senestech to a “hold” rating in a research report on Friday, July 18th. Finally, HC Wainwright raised Senestech to a “strong-buy” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $10.00.

Senestech Company Profile

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.