Senstar Technologies Ltd. (NASDAQ:SNT) Sees Large Increase in Short Interest

Senstar Technologies Ltd. (NASDAQ:SNT) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 11,082 shares, an increase of 161.4% from the September 30th total of 4,239 shares. Based on an average daily volume of 16,631 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Senstar Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Grace & White Inc. NY increased its holdings in shares of Senstar Technologies by 3.7% in the 3rd quarter. Grace & White Inc. NY now owns 792,019 shares of the industrial products company’s stock worth $1,283,000 after acquiring an additional 27,956 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Senstar Technologies by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 168,385 shares of the industrial products company’s stock valued at $510,000 after buying an additional 5,509 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Senstar Technologies in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 20.75% of the company’s stock.

Senstar Technologies Price Performance

Shares of NASDAQ SNT traded up $0.03 during mid-day trading on Thursday, hitting $1.64. The company had a trading volume of 2,096 shares, compared to its average volume of 29,313. Senstar Technologies has a 1-year low of $1.31 and a 1-year high of $5.05. The company has a market capitalization of $38.26 million, a PE ratio of 82.04 and a beta of 2.30. The business’s 50-day simple moving average is $1.58 and its 200 day simple moving average is $2.51.

Senstar Technologies (NASDAQ:SNT) last announced its earnings results on Wednesday, August 26th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $10.45 million for the quarter. Senstar Technologies had a net margin of 1.34% and a return on equity of 1.16%.

Senstar Technologies Company Profile

Senstar Technologies Ltd. (NASDAQ: SNT) is a security technology company that develops and supplies solutions designed to protect critical infrastructure, industrial facilities, government sites and other high-security environments. Its offerings are intended to help organizations detect, assess and respond to physical security threats across perimeter and site operations.

The company’s product portfolio includes perimeter intrusion detection systems, intelligent video surveillance and management software, security management platforms, access control solutions and related security sensors.