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

Senestech, Inc. (NASDAQ:SNES) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 21,680 shares, a drop of 39.9% from the January 29th total of 36,090 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 69,813 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 69,813 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

Analyst Ratings Changes

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

Senestech Price Performance

NASDAQ SNES traded down $0.03 during trading hours on Friday, hitting $2.25. The company had a trading volume of 5,132 shares, compared to its average volume of 70,243. Senestech has a 1-year low of $1.30 and a 1-year high of $6.24. 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 business has a 50 day moving average of $2.11 and a 200-day moving average of $3.20.

Insider Transactions at Senestech

In other Senestech news, major shareholder Glenbrook Capital Management bought 34,613 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $2.40 per share, for a total transaction of $83,071.20. Following the transaction, the insider directly owned 704,211 shares in the company, valued at approximately $1,690,106.40. This represents a 5.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have bought 173,954 shares of company stock valued at $367,303. Insiders own 5.29% of the company’s stock.

Institutional Investors Weigh In On Senestech

Several large investors have recently modified their holdings of SNES. Sabby Management LLC grew its holdings in Senestech by 195.4% in the 4th quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock valued at $451,000 after buying an additional 139,281 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Senestech by 35.2% in the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock valued at $306,000 after purchasing an additional 37,165 shares during the last quarter. DRW Securities LLC increased its stake in shares of Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after acquiring an additional 51,818 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Senestech in the second quarter valued at $255,000. Finally, Jane Street Group LLC purchased a new stake in Senestech in the 2nd quarter valued at $161,000. 5.19% of the stock is owned by institutional investors.

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.