Senestech, Inc. (NASDAQ:SNES) Short Interest Update

Senestech, Inc. (NASDAQ:SNES) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 17,626 shares, a decline of 55.3% from the December 15th total of 39,459 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 74,262 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 74,262 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Senestech Price Performance

Shares of Senestech stock opened at $2.14 on Thursday. Senestech has a 52 week low of $1.30 and a 52 week high of $6.24. The company has a current ratio of 15.75, a quick ratio of 14.73 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.15 million, a PE ratio of -0.58 and a beta of 0.19. The company’s 50-day moving average price is $2.58 and its two-hundred day moving average price is $3.89.

Senestech (NASDAQ:SNES) last released its earnings results on Monday, November 10th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.07. The business had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.73 million. Senestech had a negative net margin of 253.54% and a negative return on equity of 98.35%. As a group, sell-side analysts anticipate that Senestech will post -10.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Senestech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNES. Geode Capital Management LLC purchased a new position in shares of Senestech during the 2nd quarter valued at $59,000. Essex Investment Management Co. LLC acquired a new stake in Senestech during the third quarter valued at $115,000. Millennium Management LLC purchased a new position in Senestech in the third quarter valued at about $126,000. Jane Street Group LLC acquired a new position in Senestech in the 2nd quarter worth about $161,000. Finally, Corsair Capital Management L.P. acquired a new position in Senestech in the 2nd quarter worth about $255,000. Hedge funds and other institutional investors own 5.19% of the company’s stock.

About Senestech

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.