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

Senestech, Inc. (NASDAQ:SNES) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 31,028 shares, a growth of 59.2% from the March 31st total of 19,492 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 21,402 shares, the short-interest ratio is presently 1.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senestech in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Senestech Trading Down 1.3%

Shares of Senestech stock opened at $1.55 on Monday. The firm has a market capitalization of $8.22 million, a price-to-earnings ratio of -0.56 and a beta of 0.24. Senestech has a fifty-two week low of $1.52 and a fifty-two week high of $6.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 11.36 and a current ratio of 12.61. The stock has a 50 day moving average of $1.87 and a 200 day moving average of $2.38.

Senestech (NASDAQ:SNES) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.01. The business had revenue of $0.42 million during the quarter, compared to analyst estimates of $0.78 million. Senestech had a negative return on equity of 78.74% and a negative net margin of 287.39%. As a group, research analysts predict that Senestech will post -1.36 earnings per share for the current year.

Insider Activity

In related news, major shareholder Glenbrook Capital Management purchased 19,725 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of $1.79 per share, for a total transaction of $35,307.75. Following the completion of the transaction, the insider directly owned 890,635 shares of the company’s stock, valued at approximately $1,594,236.65. This trade represents a 2.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 344,988 shares of company stock valued at $697,208 in the last ninety days. 5.29% of the stock is owned by corporate insiders.

Institutional Trading of Senestech

Several hedge funds have recently modified their holdings of SNES. Jane Street Group LLC acquired a new stake in shares of Senestech in the fourth quarter valued at $32,000. Diversify Advisory Services LLC acquired a new stake in shares of Senestech in the fourth quarter valued at $34,000. XTX Topco Ltd acquired a new stake in shares of Senestech in the fourth quarter valued at $54,000. Geode Capital Management LLC acquired a new stake in shares of Senestech in the second quarter valued at $59,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Senestech in the third quarter valued at $115,000. 5.19% of the stock is currently owned by institutional investors and hedge funds.

About Senestech

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.