Short Interest in Brenmiller Energy Ltd. (NASDAQ:BNRG) Decreases By 73.9%

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 48,532 shares, a drop of 73.9% from the May 14th total of 185,927 shares. Currently, 14.5% of the shares of the stock are short sold. Based on an average daily volume of 1,628,173 shares, the days-to-cover ratio is currently 0.0 days.

Brenmiller Energy Price Performance

Shares of NASDAQ:BNRG traded down $0.21 during mid-day trading on Friday, reaching $1.22. The stock had a trading volume of 169,018 shares, compared to its average volume of 636,383. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.97. The company has a market cap of $660,020.00, a P/E ratio of 0.00 and a beta of -0.75. Brenmiller Energy has a 1 year low of $1.08 and a 1 year high of $115.68. The business’s 50 day moving average price is $2.38 and its 200 day moving average price is $11.79.

Brenmiller Energy (NASDAQ:BNRG) last posted its earnings results on Wednesday, March 25th. The company reported ($76.52) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC purchased a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.55% of Brenmiller Energy at the end of the most recent quarter. 13.23% of the stock is currently owned by hedge funds and other institutional investors.

About Brenmiller Energy

Brenmiller Energy is a Tel Aviv–based technology company specializing in industrial-scale thermal energy storage solutions. The firm’s core business centers on its proprietary Adiabatic Compressed Air Energy Storage (A-CAES) process, which captures excess or off-peak electricity to drive compressors and store heat in insulated thermal tanks. By re-introducing the stored heat into the compressed air stream at a later time, the system generates clean, dispatchable energy without relying on fossil fuels.

The company’s flagship product, StorageCube, integrates its A-CAES technology with advanced control software to deliver reliable power and high-temperature heat for a variety of applications.