Brenmiller Energy Ltd. (NASDAQ:BNRG) Sees Significant Decrease in Short Interest

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 103,698 shares, a decline of 35.8% from the December 31st total of 161,465 shares. Based on an average trading volume of 245,623 shares, the days-to-cover ratio is currently 0.4 days. Currently, 23.4% of the shares of the company are short sold. Currently, 23.4% of the shares of the company are short sold. Based on an average trading volume of 245,623 shares, the days-to-cover ratio is currently 0.4 days.

Brenmiller Energy Stock Performance

BNRG traded up $0.11 during trading on Monday, hitting $2.93. The company’s stock had a trading volume of 91,899 shares, compared to its average volume of 132,286. The business’s 50 day simple moving average is $5.13 and its 200-day simple moving average is $10.04. The firm has a market cap of $2.11 million, a PE ratio of -0.10 and a beta of -1.10. Brenmiller Energy has a one year low of $2.65 and a one year high of $60.55. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 4.09.

Brenmiller Energy (NASDAQ:BNRG) last posted its quarterly earnings data on Tuesday, September 30th. The company reported ($13.26) EPS for the quarter. The firm had revenue of $0.19 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC acquired a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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 reporting period. Institutional investors and hedge funds own 13.23% of the company’s stock.

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.