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

Senestech, Inc. (NASDAQ:SNES) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 36,090 shares, a growth of 181.6% from the January 15th total of 12,817 shares. Based on an average daily volume of 44,177 shares, the short-interest ratio is presently 0.8 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 44,177 shares, the short-interest ratio is presently 0.8 days.

Senestech Trading Up 12.4%

Shares of SNES stock opened at $2.00 on Friday. Senestech has a 12-month low of $1.30 and a 12-month high of $6.24. The company has a market capitalization of $10.44 million, a PE ratio of -0.55 and a beta of 0.21. The firm has a 50 day moving average price of $2.17 and a two-hundred day moving average price of $3.42. The company has a quick ratio of 14.73, a current ratio of 15.75 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In related news, major shareholder Glenbrook Capital Management purchased 42,739 shares of the stock in a transaction on Monday, February 2nd. The shares were purchased at an average price of $1.98 per share, with a total value of $84,623.22. Following the transaction, the insider directly owned 593,785 shares of the company’s stock, valued at $1,175,694.30. This trade represents a 7.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 88,053 shares of company stock valued at $166,782 in the last ninety days. 5.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNES. Jane Street Group LLC acquired a new position in Senestech in the fourth quarter valued at about $32,000. DRW Securities LLC increased its holdings in Senestech by 171.1% in 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 during the period. Renaissance Technologies LLC raised its position in shares of Senestech by 35.2% in the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock valued at $306,000 after buying an additional 37,165 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Senestech during the 4th quarter worth approximately $34,000. Finally, Millennium Management LLC bought a new stake in shares of Senestech during the 3rd quarter worth approximately $126,000. 5.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a report 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.