Sabby Management, LLC Has Stake in Senestech, Inc. (SNES)
Sabby Management, LLC
revealed that they own a 7.9% stake in Senestech, Inc. (NASDAQ:SNES) in a Schedule 13G disclosure that was filed with the SEC on Tuesday, November 21st. The investor owns 1,250,000 shares of the stock worth $1,096,375. The reporting parties listed on the disclosure included Sabby Volatility Warrant Master Fund, Ltd, Sabby Management, LLC and Hal Mintz. The filing is available through Edgar at this link.
Several other hedge funds also recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC grew its position in shares of Senestech by 3.0% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,078,499 shares of the company’s stock worth $1,995,000 after buying an additional 31,330 shares in the last quarter. Prudential PLC grew its position in shares of Senestech by 49.3% during the second quarter. Prudential PLC now owns 447,971 shares of the company’s stock worth $2,661,000 after buying an additional 147,971 shares in the last quarter. TCI Wealth Advisors Inc. acquired a new stake in shares of Senestech during the third quarter worth approximately $748,000. Skylands Capital LLC grew its position in shares of Senestech by 139.8% during the third quarter. Skylands Capital LLC now owns 87,483 shares of the company’s stock worth $162,000 after buying an additional 51,000 shares in the last quarter. Finally, White Pine Capital LLC acquired a new stake in shares of Senestech during the second quarter worth approximately $110,000. 20.73% of the stock is owned by institutional investors and hedge funds.
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Senestech, Inc. (SNES) traded down $0.03 during trading on Tuesday, reaching $0.88. 981,913 shares of the company’s stock were exchanged, compared to its average volume of 147,687. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.94 and a quick ratio of 2.67. Senestech, Inc. has a 1 year low of $0.81 and a 1 year high of $10.69.
Senestech (NASDAQ:SNES) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.03. The firm had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.25 million. Senestech had a negative net margin of 14,473.40% and a negative return on equity of 190.41%. analysts anticipate that Senestech, Inc. will post -1.26 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Senestech from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th.
SenesTech, Inc is a United States-based biotechnology platform and research company. The Company is engaged in developing a technology for managing animal populations by fertility control. It offers ContraPest, a fertility control product candidate. ContraPest’s technology and approach targets the reproductive capabilities of both sexes.
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