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

SenesTech, Inc. (NASDAQ:SNES) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 83,400 shares, an increase of 112.8% from the January 31st total of 39,200 shares. Based on an average daily volume of 149,000 shares, the short-interest ratio is presently 0.6 days. Approximately 9.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

SenesTech Stock Down 8.2 %

Shares of NASDAQ SNES traded down $0.26 during mid-day trading on Friday, reaching $2.90. 76,363 shares of the company were exchanged, compared to its average volume of 76,872. SenesTech has a 52 week low of $1.90 and a 52 week high of $9.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.92 and a current ratio of 6.32. The company’s 50 day moving average price is $3.14 and its 200 day moving average price is $2.96.

SenesTech Company Profile

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.