Short Interest in Brenmiller Energy Ltd. (NASDAQ:BNRG) Drops By 38.1%

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 109,039 shares, a drop of 38.1% from the July 15th total of 176,173 shares. Based on an average daily trading volume, of 5,919,867 shares, the short-interest ratio is currently 0.0 days. Approximately 6.9% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

BNRG has been the topic of several research reports. Wall Street Zen upgraded Brenmiller Energy to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Brenmiller Energy Price Performance

Shares of NASDAQ:BNRG traded down $0.02 during midday trading on Tuesday, reaching $3.44. 387,935 shares of the company’s stock were exchanged, compared to its average volume of 635,639. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.03 and a current ratio of 1.33. The company’s 50 day simple moving average is $4.88 and its two-hundred day simple moving average is $20.00. Brenmiller Energy has a 12 month low of $2.06 and a 12 month high of $512.40. The firm has a market capitalization of $412,800.00, a PE ratio of -0.01 and a beta of -0.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC acquired a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned 0.55% of Brenmiller Energy at the end of the most recent quarter. 13.23% of the stock is owned by institutional investors.

Brenmiller Energy Company Profile

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.