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

Brenmiller Energy Ltd (NASDAQ:BNRG) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 232,500 shares, a growth of 95.7% from the February 28th total of 118,800 shares. Based on an average daily volume of 1,650,000 shares, the short-interest ratio is currently 0.1 days. Currently, 4.4% of the company’s shares are sold short.

Brenmiller Energy Stock Performance

BNRG traded up $0.04 during mid-day trading on Friday, hitting $1.32. The stock had a trading volume of 17,687 shares, compared to its average volume of 2,069,384. The stock’s fifty day simple moving average is $1.39 and its 200-day simple moving average is $1.14. Brenmiller Energy has a 1-year low of $0.60 and a 1-year high of $3.27. The company has a current ratio of 2.97, a quick ratio of 2.74 and a debt-to-equity ratio of 0.71.

About Brenmiller Energy

Brenmiller Energy Ltd. develops, produces, markets, and sells thermal energy storage (TES) systems based on its proprietary technology that enables renewable integration, increases energy efficiency, and reduces carbon emissions. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines.