Brenmiller Energy Ltd. (NASDAQ:BNRG) Sees Large Increase in Short Interest

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 185,927 shares, a growth of 428.5% from the April 30th total of 35,178 shares. Based on an average daily volume of 1,236,684 shares, the short-interest ratio is presently 0.2 days. Approximately 55.5% of the shares of the stock are sold short.

Brenmiller Energy Trading Down 15.7%

BNRG traded down $0.31 during trading on Friday, hitting $1.66. The company’s stock had a trading volume of 15,572,908 shares, compared to its average volume of 781,852. The firm’s 50 day moving average price is $2.70 and its 200-day moving average price is $14.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.03. The stock has a market cap of $896,400.00, a PE ratio of 0.00 and a beta of -0.69. Brenmiller Energy has a twelve month low of $1.30 and a twelve month high of $138.08.

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

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent filing with the SEC. The fund purchased 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.55% of Brenmiller Energy as of its most recent filing with the SEC. Institutional investors and hedge funds own 13.23% of the company’s stock.

Wall Street Analyst Weigh In

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