SenesTech, Inc. (NASDAQ:SNES) Short Interest Up 97.6% in September

SenesTech, Inc. (NASDAQ:SNES) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 66,400 shares, an increase of 97.6% from the September 15th total of 33,600 shares. Based on an average trading volume of 49,700 shares, the days-to-cover ratio is currently 1.3 days. Currently, 12.9% of the shares of the company are sold short.

SenesTech Stock Up 0.9 %

NASDAQ SNES traded up $0.02 during trading hours on Friday, hitting $2.31. The company had a trading volume of 4,563 shares, compared to its average volume of 36,933. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.68 and a quick ratio of 3.49. SenesTech has a fifty-two week low of $1.90 and a fifty-two week high of $53.28. The business has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $5.38.

SenesTech (NASDAQ:SNES) last released its quarterly earnings results on Thursday, August 8th. The company reported ($3.08) EPS for the quarter, topping the consensus estimate of ($3.20) by $0.12. The business had revenue of $0.46 million during the quarter, compared to analyst estimates of $0.49 million. SenesTech had a negative net margin of 464.09% and a negative return on equity of 168.64%. During the same quarter in the prior year, the firm earned ($84.03) earnings per share. Research analysts predict that SenesTech will post -11 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on SenesTech in a research note on Tuesday. They issued a “sell” rating for the company.

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.