Senstar Technologies Ltd. (NASDAQ:SNT) Short Interest Down 27.1% in August

Key Points

• Senstar Technologies Ltd. experienced a significant 27.1% decline in short interest in August, with total short interest dropping from 71,500 shares to 52,100 shares.
• A hedge fund, Hillsdale Investment Management Inc., acquired a new stake in the company during the 2nd quarter, purchasing 44,601 shares valued at approximately $211,000.
• Senstar Technologies reported earnings of $0.05 EPS for the quarter ending August 25th, an increase from $0.02 EPS during the same period last year.

Senstar Technologies Ltd. (NASDAQ:SNT - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 52,100 shares, a decline of 27.1% from the August 15th total of 71,500 shares. Currently, 0.4% of the company's shares are sold short. Based on an average daily volume of 71,600 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 71,600 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company's shares are sold short.

Institutional Investors Weigh In On Senstar Technologies

A hedge fund recently bought a new stake in Senstar Technologies stock. Hillsdale Investment Management Inc. acquired a new stake in shares of Senstar Technologies Ltd. (NASDAQ:SNT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 44,601 shares of the industrial products company's stock, valued at approximately $211,000. Hillsdale Investment Management Inc. owned about 0.19% of Senstar Technologies at the end of the most recent reporting period. Institutional investors own 20.75% of the company's stock.

Senstar Technologies Stock Down 1.1%

Shares of SNT opened at $4.39 on Wednesday. The business's 50-day moving average price is $4.42 and its 200-day moving average price is $3.94. Senstar Technologies has a twelve month low of $1.40 and a twelve month high of $5.04. The stock has a market cap of $102.42 million, a PE ratio of 19.96 and a beta of 1.87.

Senstar Technologies (NASDAQ:SNT - Get Free Report) last issued its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.05 EPS for the quarter. Senstar Technologies had a return on equity of 13.44% and a net margin of 13.49%.The company had revenue of $9.65 million during the quarter. During the same period in the previous year, the firm posted $0.02 EPS.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Senstar Technologies to a "hold" rating in a report on Saturday, July 12th.

Senstar Technologies Company Profile

Senstar Technologies Corporation provides physical, video, and access control security products and solutions worldwide. It offers solutions for critical sites, which leverage its portfolio of perimeter intrusion detection systems, and video management software with intelligent video analytics security solutions, as well as access control products and technologies.

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