Senseonics Holdings Inc (SENS) Short Interest Update
Senseonics Holdings Inc (NASDAQ:SENS) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,017,774 shares, a growth of 12.4% from the October 13th total of 3,574,804 shares. Approximately 8.9% of the shares of the company are short sold. Based on an average daily trading volume, of 629,024 shares, the days-to-cover ratio is presently 6.4 days.
Senseonics Holdings (NASDAQ:SENS) remained flat at $$2.65 during trading hours on Monday. 152,008 shares of the company traded hands, compared to its average volume of 606,882. Senseonics Holdings has a 12-month low of $1.26 and a 12-month high of $3.67.
Senseonics Holdings (NASDAQ:SENS) last posted its earnings results on Tuesday, October 31st. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). The firm had revenue of $2.10 million for the quarter, compared to analysts’ expectations of $1.51 million. The firm’s revenue for the quarter was up 425.0% on a year-over-year basis.
In other Senseonics Holdings news, COO Mukul Jain sold 11,885 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $3.25, for a total transaction of $38,626.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several large investors have recently bought and sold shares of SENS. Renaissance Technologies LLC purchased a new position in shares of Senseonics Holdings during the 1st quarter valued at approximately $111,000. ING Groep NV increased its holdings in shares of Senseonics Holdings by 87.7% during the 2nd quarter. ING Groep NV now owns 225,833 shares of the company’s stock valued at $406,000 after purchasing an additional 105,494 shares in the last quarter. NEA Management Company LLC increased its holdings in shares of Senseonics Holdings by 27.1% during the 2nd quarter. NEA Management Company LLC now owns 33,425,275 shares of the company’s stock valued at $60,165,000 after purchasing an additional 7,119,989 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Senseonics Holdings during the 2nd quarter valued at approximately $177,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Senseonics Holdings during the 2nd quarter valued at approximately $276,000.
SENS has been the subject of a number of recent research reports. Canaccord Genuity reissued a “buy” rating on shares of Senseonics Holdings in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Senseonics Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
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Senseonics Holdings Company Profile
Senseonics Holdings, Inc is a medical technology company. The Company focuses on the design, development and commercialization of glucose monitoring systems. The Company operates through glucose monitoring systems segment. It offers a continuous glucose monitoring (CGM) system, Eversense, which is designed an implantable CGM system designed to continually measure glucose levels in people with diabetes.
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