BrenX Ltd. (NASDAQ:BRNX) Shares Shorted: Short Interest Down 44.8% in September

BrenX Ltd. (NASDAQ:BRNX) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 33,778 shares, a drop of 44.8% from the September 15th total of 61,146 shares. Based on an average daily trading volume, of 236,960 shares, the short-interest ratio is currently 0.1 days. Currently, 7.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BrenX in a research note on Thursday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

BrenX Price Performance

NASDAQ:BRNX traded down $0.14 during midday trading on Friday, reaching $0.91. The company had a trading volume of 57,708 shares, compared to its average volume of 185,620. The stock’s fifty day simple moving average is $3.04 and its 200-day simple moving average is $7.71. BrenX has a 12-month low of $0.80 and a 12-month high of $383.86. The company has a current ratio of 1.58, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77.

BrenX (NASDAQ:BRNX) last released its earnings results on Wednesday, September 9th. The company reported ($62.95) EPS for the quarter.

BrenX Company Profile

We are a technology company that develops, produces, markets and sells TES systems based on our proprietary and patented bGen™ technology. The use of our technology enables better renewable integration, increases energy efficiency and reduces carbon emissions by allowing constant and reliable energy while stabilizing the intermittent nature of renewable sources. We believe that climate change is the greatest challenge of our times. A major contributor to climate change is carbon emissions being emitted to the atmosphere.