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

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 48,532 shares, a drop of 73.9% from the May 14th total of 185,927 shares. Based on an average trading volume of 1,628,173 shares, the days-to-cover ratio is currently 0.0 days. Currently, 14.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Brenmiller Energy Stock Down 1.5%

Shares of NASDAQ:BNRG traded down $0.02 on Thursday, hitting $1.29. 513,158 shares of the company traded hands, compared to its average volume of 639,188. Brenmiller Energy has a 52 week low of $1.08 and a 52 week high of $121.63. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.97. The stock has a 50 day simple moving average of $2.41 and a 200-day simple moving average of $12.05. The company has a market cap of $696,600.00, a PE ratio of 0.00 and a beta of -0.75.

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

Hedge Funds Weigh In On Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC purchased a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 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.