Short Interest in Senestech, Inc. (NASDAQ:SNES) Drops By 27.3%

Senestech, Inc. (NASDAQ:SNES) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 12,817 shares, a decrease of 27.3% from the December 31st total of 17,626 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 21,108 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 21,108 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Senestech Stock Performance

NASDAQ SNES opened at $1.85 on Friday. The company has a market capitalization of $9.66 million, a price-to-earnings ratio of -0.51 and a beta of 0.19. The stock has a fifty day simple moving average of $2.36 and a 200 day simple moving average of $3.65. The company has a quick ratio of 14.73, a current ratio of 15.75 and a debt-to-equity ratio of 0.01. Senestech has a twelve month low of $1.30 and a twelve month high of $6.24.

Senestech (NASDAQ:SNES) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.07. The firm had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.73 million. Senestech had a negative return on equity of 98.35% and a negative net margin of 253.54%. Sell-side analysts expect that Senestech will post -10.22 EPS for the current year.

Institutional Trading of Senestech

A number of large investors have recently bought and sold shares of the company. Corsair Capital Management L.P. bought a new position in shares of Senestech in the second quarter worth $255,000. Diversify Advisory Services LLC bought a new position in shares of Senestech in the fourth quarter worth approximately $34,000. Millennium Management LLC bought a new stake in shares of Senestech in the third quarter worth about $126,000. Jane Street Group LLC bought a new stake in Senestech in the second quarter valued at $161,000. Finally, Geode Capital Management LLC purchased a new stake in Senestech in the second quarter worth about $59,000. 5.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.