Short Interest in Senestech, Inc. (NASDAQ:SNES) Decreases By 39.4%

Senestech, Inc. (NASDAQ:SNES) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 56,001 shares, a decline of 39.4% from the May 14th total of 92,345 shares. Based on an average daily volume of 63,448 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.1% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Senestech Stock Performance

NASDAQ:SNES remained flat at $1.65 during trading hours on Monday. 54,081 shares of the company’s stock traded hands, compared to its average volume of 63,180. The business’s fifty day simple moving average is $1.64 and its 200 day simple moving average is $1.99. The company has a current ratio of 8.91, a quick ratio of 7.79 and a debt-to-equity ratio of 0.02. Senestech has a 52 week low of $1.41 and a 52 week high of $6.24. The firm has a market capitalization of $8.75 million, a price-to-earnings ratio of -0.87 and a beta of 0.28.

Senestech (NASDAQ:SNES) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. Senestech had a negative net margin of 304.22% and a negative return on equity of 67.60%. The business had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.63 million. Research analysts predict that Senestech will post -1.57 EPS for the current year.

Insider Transactions at Senestech

In other news, major shareholder Glenbrook Capital Management bought 15,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $1.72 per share, with a total value of $25,800.00. Following the purchase, the insider directly owned 908,635 shares in the company, valued at $1,562,852.20. This trade represents a 1.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have acquired 87,234 shares of company stock worth $145,235. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Senestech

Hedge funds have recently modified their holdings of the stock. Diversify Wealth Management LLC acquired a new position in shares of Senestech in the first quarter worth $31,000. Jane Street Group LLC acquired a new position in shares of Senestech in the fourth quarter worth $32,000. Diversify Advisory Services LLC acquired a new position in shares of Senestech in the fourth quarter worth $34,000. XTX Topco Ltd acquired a new position in shares of Senestech in the fourth quarter worth $54,000. Finally, Geode Capital Management LLC acquired a new position in shares of 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 (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.