Bimergen Energy Corporation (NYSEAMERICAN:BESS) Sees Large Increase in Short Interest

Bimergen Energy Corporation (NYSEAMERICAN:BESS) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 84,235 shares, a growth of 284.0% from the April 30th total of 21,934 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 217,550 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BESS. Zacks Research upgraded Bimergen Energy to a “hold” rating in a report on Monday, May 4th. ThinkEquity raised shares of Bimergen Energy to a “strong-buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Bimergen Energy presently has a consensus rating of “Buy”.

Bimergen Energy Price Performance

BESS traded down $0.49 during trading on Friday, reaching $3.81. 291,915 shares of the company were exchanged, compared to its average volume of 299,616. The company has a market cap of $27.05 million, a P/E ratio of -2.23 and a beta of 2.09. Bimergen Energy has a 52 week low of $2.00 and a 52 week high of $17.12.

About Bimergen Energy

Spine Injury Solutions, Inc provides a suite of revolutionary electrical power generation technologies. The company intends to offer Evirontek Integrated Platform to the cryptocurrency mining industry to reduce the exorbitant high cost of electricity. It also provides spine injury diagnostic services; and owns, develops, and leases the Quad Video Halo video recording system used to record medical procedures. The company is based in Costa Mesa, California.