Senstar Technologies Ltd. (NASDAQ:SNT) Stock Short Interest Jumps 239.4%

Senstar Technologies Ltd. (NASDAQ:SNT) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,239 shares, an increase of 239.4% from the September 15th total of 1,249 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 14,661 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Senstar Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Senstar Technologies

A hedge fund recently raised its stake in Senstar Technologies stock. Janney Montgomery Scott LLC grew its position in Senstar Technologies Ltd. (NASDAQ:SNT) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,385 shares of the industrial products company’s stock after purchasing an additional 5,509 shares during the period. Janney Montgomery Scott LLC owned approximately 0.72% of Senstar Technologies worth $510,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.75% of the company’s stock.

Senstar Technologies Stock Performance

Shares of NASDAQ SNT traded down $0.04 during midday trading on Monday, reaching $1.48. 38,824 shares of the company’s stock were exchanged, compared to its average volume of 30,122. Senstar Technologies has a 52-week low of $1.43 and a 52-week high of $5.34. The stock has a market capitalization of $34.55 million, a PE ratio of 74.09 and a beta of 2.30. The business’s fifty day moving average price is $1.69 and its two-hundred day moving average price is $2.18.

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 for the quarter.

Senstar Technologies Company Profile

Senstar Technologies Corporation, formerly known as Magal Security Systems Ltd., develops and supplies physical security solutions for protecting facilities, perimeters and critical infrastructure. Its offerings are designed to help organizations detect, assess and respond to security threats across sites such as utilities, transportation facilities, correctional institutions, airports, government properties and industrial locations.

The company’s product portfolio includes perimeter intrusion detection systems, video management and analytics software, security sensors, access control solutions and integrated command-and-control platforms.