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

Senestech, Inc. (NASDAQ:SNES) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 17,626 shares, a decline of 55.3% from the December 15th total of 39,459 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 74,262 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 74,262 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a research note on Monday, December 29th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Senestech Stock Performance

NASDAQ:SNES traded down $0.05 on Wednesday, hitting $2.07. The company’s stock had a trading volume of 18,359 shares, compared to its average volume of 21,441. 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 one year low of $1.30 and a one year high of $6.24. The stock has a fifty day moving average of $2.60 and a two-hundred day moving average of $3.91. The firm has a market capitalization of $10.78 million, a P/E ratio of -0.57 and a beta of 0.19.

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

Institutional Trading of Senestech

A number of institutional investors and hedge funds have recently made changes to their positions in SNES. Sabby Management LLC bought a new position in Senestech in the third quarter valued at about $313,000. Corsair Capital Management L.P. acquired a new position in shares of Senestech in the second quarter valued at approximately $255,000. Jane Street Group LLC bought a new position in Senestech in the 2nd quarter valued at approximately $161,000. Millennium Management LLC bought a new position in Senestech in the 3rd quarter valued at approximately $126,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Senestech during the 3rd quarter worth approximately $115,000. 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.