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

Senestech, Inc. (NASDAQ:SNES) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 12,817 shares, a drop of 27.3% from the December 31st total of 17,626 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 21,108 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 21,108 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Senestech Stock Performance

Shares of NASDAQ:SNES opened at $1.85 on Friday. The firm’s 50-day moving average is $2.36 and its 200 day moving average is $3.65. The company has a market capitalization of $9.66 million, a price-to-earnings ratio of -0.51 and a beta of 0.19. The company has a current ratio of 15.75, a quick ratio of 14.73 and a debt-to-equity ratio of 0.01. Senestech has a 12 month low of $1.30 and a 12 month high of $6.24.

Senestech (NASDAQ:SNES) last released its earnings results on Monday, November 10th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.07. The business had revenue of $0.69 million during the quarter, compared to the consensus estimate of $0.73 million. Senestech had a negative return on equity of 98.35% and a negative net margin of 253.54%. Research analysts predict that Senestech will post -10.22 EPS for the current year.

Institutional Investors Weigh In On Senestech

A number of large investors have recently bought and sold shares of SNES. Diversify Advisory Services LLC purchased a new stake in shares of Senestech in the fourth quarter worth about $34,000. Millennium Management LLC purchased a new position in shares of Senestech during the 3rd quarter valued at approximately $126,000. Sabby Management LLC purchased a new position in Senestech during the third quarter valued at $313,000. Essex Investment Management Co. LLC acquired a new stake in Senestech in the 3rd quarter worth about $115,000. Finally, Jane Street Group LLC acquired a new stake in shares of Senestech in the second quarter worth approximately $161,000. Hedge funds and other institutional investors own 5.19% of the company’s stock.

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.