Senestech, Inc. (NASDAQ:SNES) Short Interest Down 42.1% in October

Senestech, Inc. (NASDAQ:SNES) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 63,600 shares, a decrease of 42.1% from the September 30th total of 109,800 shares. Based on an average trading volume of 117,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.2% of the company’s shares are short sold. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 117,400 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

SNES has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Senestech in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Senestech to a “hold” rating in a report on Friday, July 18th. Zacks Research upgraded shares of Senestech to a “hold” rating in a report on Monday, August 11th. Finally, HC Wainwright upgraded shares of Senestech to a “strong-buy” rating in a report on Friday, August 8th. One investment 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.00.

Senestech Stock Down 1.8%

Senestech stock traded down $0.06 during midday trading on Monday, hitting $3.26. 15,346 shares of the company’s stock were exchanged, compared to its average volume of 121,022. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.35 and a current ratio of 9.23. Senestech has a 12 month low of $1.30 and a 12 month high of $6.24. The firm has a 50-day moving average of $4.35 and a two-hundred day moving average of $3.99. The company has a market cap of $16.11 million, a PE ratio of -0.60 and a beta of 0.42.

Senestech (NASDAQ:SNES) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.87) earnings per share for the quarter. Senestech had a negative net margin of 289.01% and a negative return on equity of 150.93%. The firm had revenue of $0.63 million during the quarter. As a group, analysts expect that Senestech will post -10.22 earnings per share for the current fiscal year.

Institutional Trading of Senestech

A number of institutional investors have recently modified their holdings of the company. Corsair Capital Management L.P. purchased a new position in shares of Senestech in the 2nd quarter valued at approximately $255,000. Jane Street Group LLC purchased a new position in Senestech during the 2nd quarter worth approximately $161,000. Finally, Geode Capital Management LLC purchased a new position in Senestech during the 2nd quarter worth approximately $59,000. 5.19% of the stock is currently owned by institutional investors.

Senestech Company Profile

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.