Senestech, Inc. (NASDAQ:SNES) Short Interest Update

Senestech, Inc. (NASDAQ:SNES) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 69,945 shares, an increase of 153.4% from the July 15th total of 27,608 shares. Based on an average trading volume of 45,135 shares, the short-interest ratio is currently 1.5 days. Approximately 1.3% of the company’s stock are sold short.

Senestech Stock Down 3.6%

SNES traded down $0.04 during midday trading on Friday, hitting $1.21. 57,513 shares of the company’s stock traded hands, compared to its average volume of 150,272. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.78 and a quick ratio of 5.81. The company has a market cap of $6.56 million, a PE ratio of -0.88 and a beta of 0.28. The stock’s fifty day simple moving average is $1.47 and its 200-day simple moving average is $1.69. Senestech has a one year low of $1.15 and a one year high of $5.35.

Senestech (NASDAQ:SNES) last posted its earnings results on Wednesday, August 5th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.02. Senestech had a negative net margin of 294.73% and a negative return on equity of 71.89%. The company had revenue of $0.77 million during the quarter, compared to the consensus estimate of $0.60 million. As a group, equities analysts anticipate that Senestech will post -1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Buying and Selling at Senestech

In related news, major shareholder Glenbrook Capital Management purchased 35,000 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were acquired at an average cost of $1.47 per share, with a total value of $51,450.00. Following the completion of the purchase, the insider owned 1,057,824 shares of the company’s stock, valued at $1,555,001.28. The trade was a 3.42% 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 140,143 shares of company stock valued at $210,181 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Senestech

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC bought a new position in Senestech during the second quarter valued at about $59,000. Jane Street Group LLC acquired a new position in shares of Senestech during the 4th quarter valued at about $32,000. Diversify Advisory Services LLC acquired a new position in shares of Senestech during the 4th quarter valued at about $34,000. Diversify Wealth Management LLC acquired a new position in shares of Senestech during the 1st quarter valued at about $31,000. Finally, XTX Topco Ltd bought a new position in shares of Senestech in the 4th quarter valued at approximately $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.