Short Interest in Brenmiller Energy Ltd. (NASDAQ:BNRG) Decreases By 46.4%

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 44,730 shares, a decrease of 46.4% from the February 12th total of 83,480 shares. Approximately 10.1% of the company’s stock are sold short. Based on an average daily volume of 70,355 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 70,355 shares, the short-interest ratio is currently 0.6 days. Approximately 10.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Brenmiller Energy Stock Performance

Shares of BNRG stock traded down $0.18 during trading on Friday, reaching $0.81. 561,211 shares of the company’s stock traded hands, compared to its average volume of 894,114. The firm’s 50-day moving average is $2.40 and its 200 day moving average is $7.69. The company has a market capitalization of $580,320.00, a P/E ratio of 0.00 and a beta of -0.97. Brenmiller Energy has a 1 year low of $0.77 and a 1 year high of $52.15. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 4.09.

Hedge Funds Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.50% of Brenmiller Energy as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 13.23% of the company’s stock.

Brenmiller Energy Company Profile

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.