Senestech, Inc. (NASDAQ:SNES) Short Interest Down 39.9% in February

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

Senestech Trading Down 1.3%

NASDAQ:SNES opened at $2.25 on Friday. Senestech has a 52 week low of $1.30 and a 52 week high of $6.24. The firm has a 50-day moving average price of $2.11 and a two-hundred day moving average price of $3.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.73 and a current ratio of 15.75. The firm has a market cap of $11.75 million, a price-to-earnings ratio of -0.62 and a beta of 0.21.

Insider Buying and Selling

In related news, major shareholder Glenbrook Capital Management acquired 34,613 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average cost of $2.40 per share, with a total value of $83,071.20. Following the acquisition, the insider owned 704,211 shares of the company’s stock, valued at approximately $1,690,106.40. This trade represents a 5.17% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 173,954 shares of company stock worth $367,303. Insiders own 5.29% of the company’s stock.

Institutional Trading of Senestech

Hedge funds have recently bought and sold shares of the business. Sabby Management LLC boosted its position in Senestech by 195.4% in the fourth quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock worth $451,000 after purchasing an additional 139,281 shares during the last quarter. DRW Securities LLC grew its position in Senestech by 171.1% during the fourth quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after buying an additional 51,818 shares during the period. Corsair Capital Management L.P. purchased a new stake in Senestech during the second quarter worth about $255,000. Renaissance Technologies LLC boosted its stake in Senestech by 35.2% in the fourth quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock valued at $306,000 after acquiring an additional 37,165 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Senestech during the 2nd quarter valued at approximately $161,000. 5.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.