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

Senstar Technologies Ltd. (NASDAQ:SNT) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,249 shares, an increase of 135.2% from the August 31st total of 531 shares. Based on an average daily trading volume, of 6,817 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Senstar Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Senstar Technologies Stock Up 0.6%

Shares of NASDAQ SNT traded up $0.01 during trading hours on Friday, hitting $1.61. The company had a trading volume of 16,255 shares, compared to its average volume of 10,974. Senstar Technologies has a 1-year low of $1.43 and a 1-year high of $5.34. The firm’s 50 day moving average is $1.72 and its 200-day moving average is $2.29. The stock has a market capitalization of $37.56 million, a P/E ratio of 80.54 and a beta of 2.27.

Senstar Technologies (NASDAQ:SNT) last announced its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $0.02 earnings per share for the quarter. The firm had revenue of $10.45 million for the quarter. Senstar Technologies had a return on equity of 1.15% and a net margin of 1.34%.

Hedge Funds Weigh In On Senstar Technologies

An institutional investor recently raised its stake in Senstar Technologies stock. Janney Montgomery Scott LLC boosted its holdings in Senstar Technologies Ltd. (NASDAQ:SNT) by 3.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,385 shares of the industrial products company’s stock after purchasing an additional 5,509 shares during the quarter. Janney Montgomery Scott LLC owned 0.72% of Senstar Technologies worth $510,000 at the end of the most recent reporting period. Institutional investors own 20.75% of the company’s stock.

About Senstar Technologies

Senstar Technologies Ltd. (NASDAQ: SNT) is a security technology company that provides solutions for protecting physical sites, facilities, and critical infrastructure. The company operates primarily through the Senstar brand, offering technologies designed to detect, assess, and manage security threats around commercial, industrial, government, and other high-value properties.

Its product portfolio includes perimeter intrusion detection systems for fences, buried boundaries, and open areas; fiber-optic, microwave, and other sensor technologies; video management and analytics solutions; and security management software.