SenesTech, Inc. (NASDAQ:SNES) Short Interest Down 20.7% in March

SenesTech, Inc. (NASDAQ:SNES) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 311,500 shares, a drop of 20.7% from the February 29th total of 392,700 shares. Based on an average daily volume of 1,980,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.1% of the company’s stock are short sold.

Institutional Trading of SenesTech

A hedge fund recently bought a new stake in SenesTech stock. Armistice Capital LLC purchased a new position in shares of SenesTech, Inc. (NASDAQ:SNES) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 70,425 shares of the company’s stock, valued at approximately $30,000. Armistice Capital LLC owned 1.94% of SenesTech at the end of the most recent quarter. 5.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SNES. StockNews.com upgraded SenesTech to a “sell” rating in a report on Thursday, March 7th. HC Wainwright dropped their target price on SenesTech from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, December 28th.

SenesTech Price Performance

Shares of SenesTech stock opened at $0.68 on Monday. The business’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $2.06. SenesTech has a 12 month low of $0.52 and a 12 month high of $29.04. The company has a current ratio of 8.49, a quick ratio of 7.48 and a debt-to-equity ratio of 0.02.

About SenesTech

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. The company offers ContraPest, a liquid bait that limits reproduction of male and female rats. SenesTech, Inc was incorporated in 2004 and is headquartered in Phoenix, Arizona.