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

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 185,927 shares, an increase of 428.5% from the April 30th total of 35,178 shares. Currently, 55.5% of the shares of the stock are sold short. Based on an average trading volume of 1,236,684 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brenmiller Energy in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC bought a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.55% of Brenmiller Energy at the end of the most recent reporting period. Institutional investors own 13.23% of the company’s stock.

Brenmiller Energy Trading Up 10.6%

Shares of Brenmiller Energy stock opened at $1.76 on Thursday. The business has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $14.99. Brenmiller Energy has a fifty-two week low of $1.30 and a fifty-two week high of $138.08. The firm has a market cap of $951,619.00, a price-to-earnings ratio of 0.00 and a beta of -0.69. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.97.

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

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.