Senstar Technologies Ltd. (NASDAQ:SNT) Sees Significant Increase in Short Interest

Senstar Technologies Ltd. (NASDAQ:SNT) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,082 shares, an increase of 161.4% from the September 30th total of 4,239 shares. Based on an average trading volume of 16,631 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are sold short.

Senstar Technologies Stock Performance

Shares of NASDAQ SNT opened at $1.68 on Friday. Senstar Technologies has a fifty-two week low of $1.31 and a fifty-two week high of $5.05. The company has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $2.50. The company has a market capitalization of $39.08 million, a price-to-earnings ratio of 83.74 and a beta of 2.30.

Senstar Technologies (NASDAQ:SNT) last issued its earnings results on Wednesday, August 26th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. Senstar Technologies had a net margin of 1.34% and a return on equity of 1.16%. The business had revenue of $10.45 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Senstar Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Senstar Technologies has a consensus rating of “Sell”.

Institutional Investors Weigh In On Senstar Technologies

Several large investors have recently bought and sold shares of the business. Grace & White Inc. NY boosted its position in shares of Senstar Technologies by 3.7% during the third quarter. Grace & White Inc. NY now owns 792,019 shares of the industrial products company’s stock valued at $1,283,000 after buying an additional 27,956 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Senstar Technologies during the second quarter valued at $33,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Senstar Technologies by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 168,385 shares of the industrial products company’s stock valued at $510,000 after acquiring an additional 5,509 shares during the last quarter. Institutional investors own 20.75% of the company’s stock.

About Senstar Technologies

Senstar Technologies Ltd. (NASDAQ: SNT) is a security technology company that develops and supplies solutions designed to protect critical infrastructure, industrial facilities, government sites and other high-security environments. Its offerings are intended to help organizations detect, assess and respond to physical security threats across perimeter and site operations.

The company’s product portfolio includes perimeter intrusion detection systems, intelligent video surveillance and management software, security management platforms, access control solutions and related security sensors.