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

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 48,532 shares, a decrease of 73.9% from the May 14th total of 185,927 shares. Approximately 14.5% of the shares of the stock are short sold. Based on an average daily volume of 1,628,173 shares, the short-interest ratio is presently 0.0 days.

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Brenmiller Energy presently has an average rating of “Sell”.

Institutional Trading of Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC purchased a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned 0.55% of Brenmiller Energy as of its most recent SEC filing. 13.23% of the stock is currently owned by institutional investors.

Brenmiller Energy Trading Down 1.5%

Shares of NASDAQ:BNRG traded down $0.02 during trading on Thursday, reaching $1.29. 513,158 shares of the company traded hands, compared to its average volume of 639,188. The firm has a market capitalization of $696,600.00, a price-to-earnings ratio of 0.00 and a beta of -0.75. Brenmiller Energy has a 52-week low of $1.08 and a 52-week high of $121.63. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.97. The business’s fifty day moving average is $2.41 and its 200-day moving average is $12.05.

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

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.