Senestech, Inc. (NASDAQ:SNES) Sees Large Increase in Short Interest

Senestech, Inc. (NASDAQ:SNES) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 31,028 shares, an increase of 59.2% from the March 31st total of 19,492 shares. Based on an average daily volume of 21,402 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senestech in a report on Friday, March 27th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Insider Buying and Selling at Senestech

In related news, major shareholder Glenbrook Capital Management purchased 19,725 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $1.79 per share, with a total value of $35,307.75. Following the completion of the acquisition, the insider directly owned 890,635 shares in the company, valued at $1,594,236.65. This trade represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired 344,988 shares of company stock worth $697,208 over the last three months. 5.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in shares of Senestech in the second quarter valued at $59,000. Jane Street Group LLC purchased a new position in shares of Senestech in the fourth quarter valued at $32,000. Diversify Advisory Services LLC purchased a new position in shares of Senestech in the fourth quarter valued at $34,000. XTX Topco Ltd purchased a new position in shares of Senestech in the fourth quarter valued at $54,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Senestech in the third quarter valued at $115,000. Hedge funds and other institutional investors own 5.19% of the company’s stock.

Senestech Price Performance

Senestech stock opened at $1.46 on Wednesday. Senestech has a one year low of $1.41 and a one year high of $6.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 11.36 and a current ratio of 12.61. The business has a fifty day moving average of $1.85 and a two-hundred day moving average of $2.35. The company has a market cap of $7.74 million, a P/E ratio of -0.53 and a beta of 0.24.

Senestech (NASDAQ:SNES) last released its earnings results on Thursday, March 12th. The company reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.01. Senestech had a negative return on equity of 78.74% and a negative net margin of 287.39%.The company had revenue of $0.42 million during the quarter, compared to the consensus estimate of $0.78 million. As a group, analysts predict that Senestech will post -1.36 earnings per share for the current fiscal year.

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.