Short Interest in Senestech, Inc. (NASDAQ:SNES) Declines By 22.8%

Senestech, Inc. (NASDAQ:SNES) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 87,000 shares, a decline of 22.8% from the August 15th total of 112,700 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 190,100 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 190,100 shares, the short-interest ratio is currently 0.5 days. Approximately 2.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SNES shares. Wall Street Zen raised Senestech to a “hold” rating in a research note on Friday, July 18th. Zacks Research upgraded shares of Senestech to a “hold” rating in a report on Monday, August 11th. Finally, HC Wainwright raised shares of Senestech to a “strong-buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Senestech presently has an average rating of “Buy” and a consensus target price of $10.00.

Senestech Stock Performance

Senestech stock opened at $4.72 on Wednesday. The stock has a market cap of $23.32 million, a P/E ratio of -0.87 and a beta of 0.27. The company has a current ratio of 9.23, a quick ratio of 8.35 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $4.96 and a 200-day moving average of $3.50. Senestech has a 52 week low of $1.30 and a 52 week high of $6.24.

Senestech (NASDAQ:SNES) last released its earnings results on Thursday, August 7th. The company reported ($0.87) EPS for the quarter. The business had revenue of $0.63 million for the quarter. Senestech had a negative net margin of 289.01% and a negative return on equity of 150.93%. On average, analysts expect that Senestech will post -10.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Senestech

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Senestech during the 2nd quarter valued at approximately $161,000. Corsair Capital Management L.P. acquired a new stake in Senestech in the second quarter worth $255,000. Finally, Geode Capital Management LLC acquired a new stake in Senestech in the second quarter worth $59,000. 5.19% of the stock is owned by institutional investors and hedge funds.

Senestech Company Profile

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.