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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a research note on Friday, March 27th. One 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 data from MarketBeat.com, Senestech currently has a consensus rating of “Hold”.

Insider Buying and Selling

In other Senestech news, major shareholder Glenbrook Capital Management bought 146,249 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $1.95 per share, with a total value of $285,185.55. Following the completion of the purchase, the insider owned 865,850 shares in the company, valued at $1,688,407.50. The trade was a 20.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 209,154 shares of company stock worth $392,773 over the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Senestech

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new stake in Senestech in the second quarter valued at approximately $59,000. Jane Street Group LLC bought a new stake in Senestech in the fourth quarter valued at approximately $32,000. Diversify Advisory Services LLC bought a new stake in Senestech in the fourth quarter valued at approximately $34,000. Diversify Wealth Management LLC bought a new stake in Senestech in the first quarter valued at approximately $31,000. Finally, XTX Topco Ltd bought a new stake in Senestech in the fourth quarter valued at approximately $54,000. 5.19% of the stock is currently owned by institutional investors.

Senestech Trading Down 3.4%

Shares of Senestech stock traded down $0.06 on Friday, hitting $1.73. The stock had a trading volume of 40,088 shares, compared to its average volume of 149,364. The stock has a 50 day moving average of $1.66 and a 200 day moving average of $2.08. Senestech has a twelve month low of $1.41 and a twelve month high of $6.24. 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 firm has a market capitalization of $9.17 million, a P/E ratio of -0.92 and a beta of 0.18.

Senestech (NASDAQ:SNES) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.02. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%.The company had revenue of $0.49 million during the quarter, compared to the consensus estimate of $0.63 million. Sell-side analysts expect that Senestech will post -1.57 earnings per share for the current fiscal 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.