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

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

Senestech Price Performance

NASDAQ:SNES remained flat at $1.65 during trading hours on Monday. 54,081 shares of the company were exchanged, compared to its average volume of 63,180. The company has a market cap of $8.75 million, a P/E ratio of -0.87 and a beta of 0.28. Senestech has a 12-month low of $1.41 and a 12-month high of $6.24. The business has a 50 day moving average of $1.64 and a 200-day moving average of $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 (NASDAQ:SNES) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. The firm had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.63 million. Senestech had a negative net margin of 304.22% and a negative return on equity of 67.60%. On average, sell-side analysts predict that Senestech will post -1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Insider Buying and Selling at Senestech

In related news, major shareholder Glenbrook Capital Management purchased 19,725 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of $1.79 per share, with a total value of $35,307.75. Following the completion of the purchase, the insider owned 890,635 shares of the company’s stock, valued at $1,594,236.65. The trade was a 2.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 87,234 shares of company stock valued at $145,235 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Senestech

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC bought a new stake in Senestech in the second quarter worth $59,000. Jane Street Group LLC bought a new stake in Senestech during the fourth quarter valued at about $32,000. Diversify Advisory Services LLC bought a new stake in Senestech during the fourth quarter valued at about $34,000. Diversify Wealth Management LLC bought a new stake in Senestech during the first quarter valued at about $31,000. Finally, XTX Topco Ltd bought a new stake in Senestech during the fourth quarter valued at about $54,000. 5.19% of the stock is currently 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.