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

Brenmiller Energy Ltd (NASDAQ:BNRG) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 437,300 shares, an increase of 11.8% from the December 31st total of 391,100 shares. Approximately 9.0% of the company’s stock are sold short. Based on an average trading volume of 1,620,000 shares, the short-interest ratio is presently 0.3 days.

Brenmiller Energy Stock Performance

Shares of NASDAQ:BNRG remained flat at $1.36 during trading on Monday. The stock had a trading volume of 133,511 shares, compared to its average volume of 997,415. Brenmiller Energy has a 1-year low of $0.60 and a 1-year high of $4.65. The firm’s fifty day moving average price is $1.34 and its two-hundred day moving average price is $1.01. The company has a current ratio of 2.97, a quick ratio of 2.74 and a debt-to-equity ratio of 0.71.

Brenmiller Energy Company Profile

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.