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

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

SenesTech Stock Down 8.8 %

SNES opened at $2.19 on Monday. The stock has a market capitalization of $2.26 million, a price-to-earnings ratio of -0.22 and a beta of 0.09. SenesTech has a fifty-two week low of $1.90 and a fifty-two week high of $9.80. The company has a fifty day moving average of $3.01 and a two-hundred day moving average of $2.84. 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 (NASDAQ:SNES) last posted its quarterly earnings results on Wednesday, March 12th. The company reported ($1.22) EPS for the quarter, topping the consensus estimate of ($1.50) by $0.28. The business had revenue of $0.50 million for the quarter, compared to analyst estimates of $0.71 million. SenesTech had a negative return on equity of 150.33% and a negative net margin of 403.51%. On average, research analysts expect that SenesTech will post -10.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SNES shares. StockNews.com assumed coverage on SenesTech in a research report on Monday. They set a “sell” rating on the stock. HC Wainwright boosted their price objective 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.

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.