Senestech, Inc. (NASDAQ:SNES) Short Interest Update

Senestech, Inc. (NASDAQ:SNES) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 49,411 shares, a growth of 127.9% from the February 12th total of 21,680 shares. Based on an average daily volume of 72,794 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 72,794 shares, the days-to-cover ratio is presently 0.7 days.

Insider Activity

In other Senestech news, major shareholder Glenbrook Capital Management bought 42,739 shares of Senestech stock in a transaction dated Monday, February 2nd. The stock was bought at an average cost of $1.98 per share, for a total transaction of $84,623.22. Following the purchase, the insider owned 593,785 shares in the company, valued at $1,175,694.30. This represents a 7.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 173,954 shares of company stock valued at $367,303. Corporate insiders own 5.29% of the company’s stock.

Institutional Trading of Senestech

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new position in shares of Senestech in the 2nd quarter worth about $59,000. Corsair Capital Management L.P. acquired a new position in shares of Senestech in the 2nd quarter valued at about $255,000. Jane Street Group LLC bought a new stake in shares of Senestech during the 2nd quarter valued at about $161,000. Essex Investment Management Co. LLC bought a new stake in shares of Senestech during the 3rd quarter valued at about $115,000. Finally, Sabby Management LLC acquired a new stake in Senestech during the third quarter worth about $313,000. Institutional investors own 5.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senestech in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Senestech has a consensus rating of “Hold”.

Senestech Trading Down 15.0%

NASDAQ:SNES opened at $1.92 on Friday. The company has a market cap of $10.02 million, a PE ratio of -0.69 and a beta of 0.15. The business’s 50 day moving average is $2.07 and its two-hundred day moving average is $3.04. The company has a quick ratio of 14.73, a current ratio of 15.75 and a debt-to-equity ratio of 0.01. Senestech has a 52 week low of $1.30 and a 52 week high of $6.24.

Senestech (NASDAQ:SNES) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.01. The business had revenue of $0.42 million during the quarter, compared to the consensus estimate of $0.78 million. Senestech had a negative return on equity of 85.69% and a negative net margin of 287.39%. On average, analysts predict that Senestech will post -10.22 EPS for the current year.

Senestech Company Profile

SenesTech, Inc (NASDAQ: SNES) is a biotechnology company specializing in non-lethal pest management solutions. The company’s core focus is the development and commercialization of fertility-based control methods for commensal rodents, providing an alternative to traditional rodenticides. By targeting the reproductive cycle of rats, SenesTech aims to reduce rodent populations over time without the use of toxic chemicals, offering a more sustainable approach for pest management professionals.

The company’s flagship product, ContraPest®, is an EPA-registered liquid bait that disrupts rodent reproduction.