Senseonics Holdings Inc (SENS) Short Interest Down 6.8% in November
Senseonics Holdings Inc (NYSEAMERICAN:SENS) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 3,851,216 shares, a decrease of 6.8% from the November 15th total of 4,131,161 shares. Based on an average daily volume of 309,620 shares, the days-to-cover ratio is currently 12.4 days. Currently, 7.9% of the company’s shares are sold short.
In other Senseonics news, COO Mukul Jain sold 11,885 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $3.25, for a total value of $38,626.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Peter J. Barris sold 139,645 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $2.63, for a total value of $367,266.35. The disclosure for this sale can be found here. 34.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Senseonics by 33.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 350,750 shares of the company’s stock valued at $1,119,000 after buying an additional 87,188 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Senseonics during the 2nd quarter valued at approximately $276,000. LMR Partners LLP purchased a new position in shares of Senseonics during the 2nd quarter valued at approximately $177,000. Susquehanna International Group LLP purchased a new position in shares of Senseonics during the 2nd quarter valued at approximately $155,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Senseonics during the 1st quarter valued at approximately $111,000. Institutional investors own 30.66% of the company’s stock.
Senseonics (NYSEAMERICAN SENS) opened at $2.60 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.81 and a debt-to-equity ratio of 0.76. Senseonics has a one year low of $1.26 and a one year high of $3.67.
Senseonics (NYSEAMERICAN:SENS) last released its earnings results on Tuesday, October 31st. The company reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The company had revenue of $2.10 million during the quarter, compared to analysts’ expectations of $1.51 million. Senseonics had a negative return on equity of 406.72% and a negative net margin of 828.76%. Senseonics’s revenue for the quarter was up 425.0% on a year-over-year basis. equities research analysts predict that Senseonics will post -0.54 earnings per share for the current fiscal year.
Separately, Canaccord Genuity restated a “buy” rating on shares of Senseonics in a report on Thursday, September 28th.
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Senseonics Holdings, Inc is a medical technology company. The Company focuses on the design, development and commercialization of glucose monitoring systems. The Company operates through glucose monitoring systems segment. It offers a continuous glucose monitoring (CGM) system, Eversense, which is designed an implantable CGM system designed to continually measure glucose levels in people with diabetes.
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