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

SenesTech, Inc. (NASDAQ:SNES) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 48,100 shares, a decline of 12.4% from the December 31st total of 54,900 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average trading volume of 121,200 shares, the short-interest ratio is presently 0.4 days.

SenesTech Price Performance

Shares of SenesTech stock opened at $2.82 on Monday. The company has a current ratio of 6.32, a quick ratio of 4.92 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $2.94 and a 200 day moving average of $3.10. SenesTech has a 1 year low of $1.90 and a 1 year high of $13.30.

Wall Street Analyst Weigh In

SNES has been the subject of several research reports. StockNews.com initiated coverage on shares of SenesTech in a report on Tuesday, January 28th. They issued a “sell” rating for the company. HC Wainwright upped their price objective on shares of SenesTech from $3.50 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 12th.

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.