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

Senestech, Inc. (NASDAQ:SNES) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 69,945 shares, an increase of 153.4% from the July 15th total of 27,608 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 45,135 shares, the days-to-cover ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Senestech presently has an average rating of “Sell”.

Senestech Stock Down 0.8%

Shares of NASDAQ:SNES opened at $1.25 on Friday. The firm has a fifty day moving average price of $1.48 and a two-hundred day moving average price of $1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.78 and a quick ratio of 5.81. Senestech has a one year low of $1.15 and a one year high of $5.35. The company has a market cap of $6.80 million, a price-to-earnings ratio of -0.92 and a beta of 0.28.

Senestech (NASDAQ:SNES) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.02. Senestech had a negative net margin of 294.73% and a negative return on equity of 71.89%. The firm had revenue of $0.77 million for the quarter, compared to analysts’ expectations of $0.60 million. Analysts anticipate that Senestech will post -1.28 EPS for the current fiscal year.

Insider Buying and Selling at Senestech

In related news, major shareholder Glenbrook Capital Management acquired 35,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were bought at an average cost of $1.47 per share, for a total transaction of $51,450.00. Following the purchase, the insider owned 1,057,824 shares in the company, valued at $1,555,001.28. This trade represents a 3.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 140,143 shares of company stock valued at $210,181 in the last three months. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Senestech

A number of institutional investors have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC purchased a new stake in shares of Senestech in the 1st quarter valued at about $31,000. XTX Topco Ltd bought a new stake in Senestech during the fourth quarter valued at approximately $54,000. Sabby Management LLC grew its stake in Senestech by 195.4% in the 4th quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock worth $451,000 after buying an additional 139,281 shares in the last quarter. Jane Street Group LLC purchased a new position in Senestech in the 4th quarter worth approximately $32,000. Finally, DRW Securities LLC raised its position in shares of Senestech by 171.1% during the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after buying an additional 51,818 shares in the last quarter. 5.19% of the stock is currently owned by institutional investors.

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.