Senstar Technologies Ltd. (NASDAQ:SNT) Stock Short Interest Rises 161.4%

Senstar Technologies Ltd. (NASDAQ:SNT) was the target of a large increase in short interest during the month of 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 short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Senstar Technologies Stock Performance

Shares of NASDAQ SNT opened at $1.56 on Friday. The firm has a market cap of $36.39 million, a price-to-earnings ratio of 82.50 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 $2.49. Senstar Technologies has a 52 week low of $1.31 and a 52 week high of $5.05.

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

Hedge Funds Weigh In On Senstar Technologies

A number of institutional investors have recently modified their holdings of SNT. Grace & White Inc. NY boosted its holdings in shares of Senstar Technologies by 3.7% during the 3rd quarter. Grace & White Inc. NY now owns 792,019 shares of the industrial products company’s stock worth $1,283,000 after buying an additional 27,956 shares during the period. Janney Montgomery Scott LLC grew its stake in Senstar Technologies by 3.4% in 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 acquired a new position in Senstar Technologies in the 2nd quarter valued at $33,000. Institutional investors own 20.75% of the company’s stock.

About Senstar Technologies

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.