Short Interest in Senestech, Inc. (NASDAQ:SNES) Decreases By 49.7%

Senestech, Inc. (NASDAQ:SNES) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 27,608 shares, a decrease of 49.7% from the June 30th total of 54,875 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 64,738 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity at Senestech

In other news, major shareholder Glenbrook Capital Management bought 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $1.51 per share, with a total value of $52,850.00. Following the transaction, the insider directly owned 1,022,824 shares of the company’s stock, valued at approximately $1,544,464.24. This represents a 3.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders bought 108,773 shares of company stock valued at $173,352. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Senestech

Hedge funds have recently modified their holdings of the company. Sabby Management LLC increased its position in shares of Senestech by 195.4% during the fourth quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock valued at $451,000 after acquiring an additional 139,281 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Senestech by 35.2% during the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after purchasing an additional 37,165 shares during the period. DRW Securities LLC boosted its holdings in shares of Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after buying an additional 51,818 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Senestech in the 2nd quarter worth about $161,000. Finally, Millennium Management LLC purchased a new position in shares of Senestech in the 3rd quarter worth about $126,000. Institutional investors own 5.19% of the company’s stock.

Senestech Stock Down 0.8%

Senestech stock traded down $0.01 during trading on Tuesday, hitting $1.32. 3,761 shares of the company were exchanged, compared to its average volume of 61,401. The business’s 50 day moving average is $1.57 and its 200 day moving average is $1.76. Senestech has a 52 week low of $1.31 and a 52 week high of $6.24. The company has a market capitalization of $7.00 million, a P/E ratio of -0.70 and a beta of 0.28. 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 for the quarter, beating the consensus estimate of ($0.33) by $0.02. The business had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. Analysts predict that Senestech will post -1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.