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

Senestech, Inc. (NASDAQ:SNES) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 92,345 shares, a growth of 289.5% from the April 30th total of 23,711 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 214,274 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senestech in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Senestech has an average rating of “Hold”.

Insider Activity at Senestech

In other news, major shareholder Glenbrook Capital Management purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $1.72 per share, with a total value of $25,800.00. Following the completion of the transaction, the insider directly owned 908,635 shares of the company’s stock, valued at approximately $1,562,852.20. This trade represents a 1.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 209,154 shares of company stock valued at $392,773 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Senestech

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in Senestech in the second quarter worth $59,000. Jane Street Group LLC bought a new position in shares of Senestech during the 4th quarter worth $32,000. Diversify Advisory Services LLC bought a new position in shares of Senestech during the 4th quarter worth $34,000. Diversify Wealth Management LLC purchased a new stake in Senestech in the 1st quarter worth about $31,000. Finally, XTX Topco Ltd purchased a new stake in Senestech in the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 5.19% of the company’s stock.

Senestech Price Performance

Shares of NASDAQ:SNES opened at $1.73 on Friday. The company’s 50-day moving average is $1.66 and its 200 day moving average is $2.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.79 and a current ratio of 8.91. The company has a market capitalization of $9.17 million, a P/E ratio of -0.92 and a beta of 0.18. Senestech has a fifty-two week low of $1.41 and a fifty-two week high of $6.24.

Senestech (NASDAQ:SNES) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. The business had revenue of $0.49 million during the quarter, compared to the consensus estimate of $0.63 million. Senestech had a negative net margin of 304.22% and a negative return on equity of 67.60%. On average, equities research analysts forecast that Senestech will post -1.57 earnings per share for the current 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.