Short Interest in SenesTech, Inc. (NASDAQ:SNES) Decreases By 12.4%

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

Wall Street Analyst Weigh In

SNES has been the topic of several research analyst reports. StockNews.com assumed coverage on SenesTech in a research note on Tuesday. They issued a “sell” rating on the stock. HC Wainwright increased their price target on SenesTech from $3.50 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 12th.

SenesTech Stock Performance

Shares of SNES stock opened at $2.82 on Friday. SenesTech has a 52 week low of $1.90 and a 52 week high of $13.30. The company has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $3.13. The company has a quick ratio of 4.92, a current ratio of 6.32 and a debt-to-equity ratio of 0.05.

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.