Senestech, Inc. (NASDAQ:SNES) Short Interest Down 39.4% in May

Senestech, Inc. (NASDAQ:SNES) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 56,001 shares, a decrease of 39.4% from the May 14th total of 92,345 shares. Based on an average trading volume of 63,448 shares, the short-interest ratio is currently 0.9 days. Currently, 1.1% of the shares of the stock are short sold.

Insider Transactions at Senestech

In other news, major shareholder Glenbrook Capital Management acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $1.72 per share, with a total value of $25,800.00. Following the completion of the purchase, the insider directly owned 908,635 shares of the company’s stock, valued at $1,562,852.20. The trade was a 1.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 67,509 shares of company stock valued at $109,927 over the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC bought a new position in shares of Senestech in the 2nd quarter worth about $59,000. Jane Street Group LLC bought a new position in shares of Senestech in the 4th quarter worth about $32,000. Diversify Advisory Services LLC bought a new position in shares of Senestech during the 4th quarter worth approximately $34,000. Diversify Wealth Management LLC bought a new position in shares of Senestech during the 1st quarter worth approximately $31,000. Finally, XTX Topco Ltd bought a new position in shares of Senestech during the 4th quarter worth approximately $54,000. 5.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a research note on Friday, March 27th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Senestech Trading Down 9.1%

Shares of SNES stock traded down $0.15 during trading hours on Tuesday, hitting $1.50. 10,697 shares of the company’s stock traded hands, compared to its average volume of 62,696. The stock’s 50 day simple moving average is $1.64 and its 200 day simple moving average is $1.98. The stock has a market cap of $7.95 million, a PE ratio of -0.79 and a beta of 0.28. Senestech has a 12 month low of $1.41 and a 12 month high of $6.24. The company has a quick ratio of 7.79, a current ratio of 8.91 and a debt-to-equity ratio of 0.02.

Senestech (NASDAQ:SNES) last announced its earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share 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, sell-side analysts anticipate that Senestech will post -1.57 EPS for the current year.

Senestech Company Profile

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.