SenesTech, Inc. (NASDAQ:SNES) Sees Large Growth in Short Interest

SenesTech, Inc. (NASDAQ:SNES) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 137,700 shares, an increase of 65.1% from the February 13th total of 83,400 shares. Approximately 16.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 157,400 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. HC Wainwright raised their price objective on shares of SenesTech from $3.50 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com began coverage on SenesTech in a research report on Sunday, March 9th. They set a “sell” rating on the stock.

SenesTech Price Performance

NASDAQ SNES traded down $0.21 on Friday, reaching $2.19. 233,353 shares of the company’s stock traded hands, compared to its average volume of 147,285. The stock has a market cap of $2.26 million, a PE ratio of -0.22 and a beta of 0.09. SenesTech has a 12 month low of $1.90 and a 12 month high of $9.80. The stock has a 50-day simple moving average of $3.04 and a 200 day simple moving average of $2.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.32 and a quick ratio of 4.92.

SenesTech (NASDAQ:SNES) last issued its earnings results on Wednesday, March 12th. The company reported ($1.22) EPS for the quarter, topping analysts’ consensus estimates of ($1.50) by $0.28. SenesTech had a negative net margin of 403.51% and a negative return on equity of 150.33%. The company had revenue of $0.50 million for the quarter, compared to analysts’ expectations of $0.71 million. As a group, research analysts predict that SenesTech will post -10.22 earnings per share for the current year.

About SenesTech

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.