Short Interest in SenesTech, Inc. (NASDAQ:SNES) Expands By 65.1%

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

SenesTech Trading Down 8.8 %

Shares of NASDAQ SNES opened at $2.19 on Monday. SenesTech has a 52-week low of $1.90 and a 52-week high of $9.80. The company has a quick ratio of 4.92, a current ratio of 6.32 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.26 million, a P/E ratio of -0.22 and a beta of 0.09. The stock’s 50 day moving average price is $3.01 and its two-hundred day moving average price is $2.84.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNES. HC Wainwright raised their price target on shares of SenesTech from $3.50 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com began coverage on SenesTech in a report on Monday. They set 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.