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

SenesTech, Inc. (NASDAQ:SNES) was the target of 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. Based on an average daily volume of 17,600 shares, the short-interest ratio is currently 3.4 days. Approximately 11.5% of the shares of the company are sold short.

SenesTech Stock Performance

SNES stock traded up $0.04 during midday trading on Friday, hitting $3.09. The company’s stock had a trading volume of 7,154 shares, compared to its average volume of 22,529. The stock’s 50-day moving average price is $4.18 and its 200 day moving average price is $6.15. 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 1 year low of $2.65 and a 1 year high of $78.00.

SenesTech (NASDAQ:SNES) last issued its earnings results 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 firm had revenue of $0.46 million for 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 in the previous year, the company posted ($84.03) earnings per share.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on SenesTech in a research report on Saturday. They issued a “sell” rating on the stock.

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.