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

SenesTech, Inc. (NASDAQ:SNES) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 46,400 shares, a drop of 24.3% from the November 15th total of 61,300 shares. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is currently 0.9 days. Approximately 4.8% of the shares of the stock are sold short.

SenesTech Trading Up 31.3 %

Shares of NASDAQ:SNES traded up $0.94 during trading on Friday, hitting $3.94. The company’s stock had a trading volume of 4,807,457 shares, compared to its average volume of 24,907. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.92 and a current ratio of 6.32. SenesTech has a fifty-two week low of $1.90 and a fifty-two week high of $21.40. The business has a 50 day moving average price of $2.58 and a two-hundred day moving average price of $3.88.

Analysts Set New Price Targets

Several analysts have issued reports on SNES shares. StockNews.com began coverage on SenesTech in a report on Wednesday. They issued a “sell” rating for the company. HC Wainwright increased their price objective on shares of SenesTech from $3.50 to $10.00 and gave the stock a “buy” rating in a research report on Thursday.

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.