Senestech, Inc. (NASDAQ:SNES) Sees Significant Decline in Short Interest

Senestech, Inc. (NASDAQ:SNES) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 21,680 shares, a drop of 39.9% from the January 29th total of 36,090 shares. Based on an average daily trading volume, of 69,813 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 69,813 shares, the days-to-cover ratio is currently 0.3 days.

Insider Transactions at Senestech

In other news, major shareholder Glenbrook Capital Management bought 34,613 shares of the stock in a transaction on Thursday, February 19th. The shares were purchased at an average cost of $2.40 per share, for a total transaction of $83,071.20. Following the completion of the purchase, the insider directly owned 704,211 shares in the company, valued at $1,690,106.40. This represents a 5.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 173,954 shares of company stock valued at $367,303 over the last three months. Company insiders own 5.29% of the company’s stock.

Institutional Trading of Senestech

A number of hedge funds and other institutional investors have recently made changes to their positions in SNES. Jane Street Group LLC bought a new position in Senestech in the 4th quarter worth about $32,000. Diversify Advisory Services LLC bought a new stake in shares of Senestech during the fourth quarter valued at about $34,000. XTX Topco Ltd purchased a new stake in shares of Senestech in the fourth quarter worth about $54,000. Geode Capital Management LLC bought a new position in shares of Senestech in the second quarter valued at approximately $59,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Senestech in the third quarter valued at approximately $115,000. 5.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a report on Monday, December 29th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Senestech Stock Down 1.3%

Senestech stock opened at $2.25 on Friday. The firm has a 50 day simple moving average of $2.11 and a 200 day simple moving average of $3.22. The company has a current ratio of 15.75, a quick ratio of 14.73 and a debt-to-equity ratio of 0.01. Senestech has a 1-year low of $1.30 and a 1-year high of $6.24. The firm has a market capitalization of $11.75 million, a price-to-earnings ratio of -0.62 and a beta of 0.21.

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.