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

SenesTech, Inc. (NASDAQ:SNES) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 59,300 shares, an increase of 26.7% from the August 15th total of 46,800 shares. Approximately 11.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,600 shares, the short-interest ratio is currently 3.4 days.

SenesTech Stock Up 1.3 %

Shares of NASDAQ:SNES traded up $0.04 during trading on Friday, reaching $3.09. The company’s stock had a trading volume of 7,154 shares, compared to its average volume of 28,751. The firm’s 50 day simple moving average is $4.18 and its two-hundred day simple moving average is $6.17. The company has a quick ratio of 3.49, a current ratio of 4.68 and a debt-to-equity ratio of 0.05. SenesTech has a 12 month low of $2.65 and a 12 month high of $78.00.

SenesTech (NASDAQ:SNES) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($3.08) earnings per share (EPS) for the quarter, beating 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 return on equity of 168.64% and a negative net margin of 464.09%. During the same period last year, the company earned ($84.03) EPS. Sell-side analysts expect that SenesTech will post -11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of SenesTech in a research note on Saturday. They set a “sell” rating on the stock.

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.