Short Interest in Brenmiller Energy Ltd. (NASDAQ:BNRG) Drops By 35.8%

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 103,698 shares, a drop of 35.8% from the December 31st total of 161,465 shares. Currently, 23.4% of the shares of the company are sold short. Based on an average daily volume of 245,623 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 245,623 shares, the short-interest ratio is presently 0.4 days. Currently, 23.4% of the shares of the company are sold short.

Brenmiller Energy Price Performance

Shares of Brenmiller Energy stock traded down $0.12 on Friday, hitting $2.82. The company had a trading volume of 75,646 shares, compared to its average volume of 121,102. The company has a market cap of $2.03 million, a PE ratio of -0.10 and a beta of -1.10. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.30 and a quick ratio of 0.91. Brenmiller Energy has a 52 week low of $2.65 and a 52 week high of $60.55. The business has a 50-day simple moving average of $5.13 and a 200-day simple moving average of $10.11.

Brenmiller Energy (NASDAQ:BNRG) last announced its earnings results on Tuesday, September 30th. The company reported ($13.26) EPS for the quarter. The firm had revenue of $0.19 million during the quarter.

Institutional Investors Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned 0.50% of Brenmiller Energy as of its most recent SEC filing. 13.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.