Bimergen Energy Corporation (NYSEAMERICAN:BESS) Sees Significant Growth in Short Interest

Bimergen Energy Corporation (NYSEAMERICAN:BESS) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 174,556 shares, an increase of 83.1% from the June 30th total of 95,343 shares. Approximately 5.3% of the shares of the company are sold short. Based on an average daily trading volume, of 142,048 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BESS. Atrium Research upgraded Bimergen Energy to a “strong-buy” rating in a research note on Monday, June 8th. Zacks Research upgraded Bimergen Energy to a “hold” rating in a research report on Monday, May 4th. Finally, ThinkEquity raised Bimergen Energy to a “strong-buy” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Bimergen Energy presently has a consensus rating of “Buy”.

Bimergen Energy Trading Down 1.1%

BESS stock traded down $0.03 during trading on Friday, reaching $2.60. 53,183 shares of the company were exchanged, compared to its average volume of 291,365. The firm’s 50 day moving average is $3.93. Bimergen Energy has a 52-week low of $2.00 and a 52-week high of $17.12. The stock has a market cap of $18.46 million, a P/E ratio of -1.52 and a beta of 2.42.

About Bimergen Energy

Spine Injury Solutions, Inc provides a suite of revolutionary electrical power generation technologies. The company intends to offer Evirontek Integrated Platform to the cryptocurrency mining industry to reduce the exorbitant high cost of electricity. It also provides spine injury diagnostic services; and owns, develops, and leases the Quad Video Halo video recording system used to record medical procedures. The company is based in Costa Mesa, California.