SenesTech, Inc. (NASDAQ:SNES) Sees Significant Drop in Short Interest

SenesTech, Inc. (NASDAQ:SNES) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 33,600 shares, a drop of 43.3% from the August 31st total of 59,300 shares. Based on an average daily trading volume, of 44,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 6.5% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of SenesTech in a report on Sunday, September 22nd. They set a “sell” rating for the company.

SenesTech Trading Down 1.2 %

Shares of SNES traded down $0.03 during midday trading on Friday, reaching $2.51. 16,739 shares of the stock were exchanged, compared to its average volume of 37,725. The stock’s 50 day simple moving average is $3.57 and its 200 day simple moving average is $5.74. SenesTech has a twelve month low of $1.90 and a twelve month high of $55.26. 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 (NASDAQ:SNES) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($3.08) earnings per share for the quarter, topping the consensus estimate of ($3.20) by $0.12. SenesTech had a negative net margin of 464.09% and a negative return on equity of 168.64%. The business had revenue of $0.46 million during the quarter, compared to analysts’ expectations of $0.49 million. During the same quarter in the previous year, the company earned ($84.03) EPS. As a group, equities research analysts predict that SenesTech will post -11 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.