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

Senestech, Inc. (NASDAQ:SNES) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 69,945 shares, a growth of 153.4% from the July 15th total of 27,608 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 45,135 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Senestech news, major shareholder Glenbrook Capital Management acquired 35,000 shares of the business’s stock in a transaction on Monday, July 20th. The shares were acquired at an average price of $1.47 per share, with a total value of $51,450.00. Following the completion of the transaction, the insider owned 1,057,824 shares in the company, valued at approximately $1,555,001.28. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 140,143 shares of company stock worth $210,181 in the last 90 days. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Senestech

Institutional investors have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC purchased a new position in shares of Senestech in the first quarter worth about $31,000. Jane Street Group LLC purchased a new stake in shares of Senestech during the 4th quarter valued at approximately $32,000. Diversify Advisory Services LLC purchased a new stake in shares of Senestech during the 4th quarter valued at approximately $34,000. XTX Topco Ltd bought a new position in Senestech in the 4th quarter worth approximately $54,000. Finally, Geode Capital Management LLC bought a new position in Senestech in the 2nd quarter worth approximately $59,000. 5.19% of the stock is owned by hedge funds and other institutional investors.

Senestech Price Performance

Shares of NASDAQ SNES opened at $1.25 on Friday. The stock has a fifty day simple moving average of $1.48 and a two-hundred day simple moving average of $1.69. Senestech has a 1-year low of $1.15 and a 1-year high of $5.35. The firm has a market cap of $6.80 million, a price-to-earnings ratio of -0.92 and a beta of 0.28. The company has a current ratio of 6.78, a quick ratio of 5.81 and a debt-to-equity ratio of 0.02.

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

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.