Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Up 134.5% in September

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 208,900 shares, an increase of 134.5% from the September 15th total of 89,100 shares. Currently, 11.0% of the shares of the company are sold short. Based on an average daily volume of 293,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 293,000 shares, the short-interest ratio is presently 0.7 days. Currently, 11.0% of the shares of the company are sold short.

Brenmiller Energy Stock Down 1.2%

Shares of BNRG opened at $1.70 on Monday. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.30 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $1.99 and a 200-day simple moving average of $3.02. Brenmiller Energy has a 1-year low of $1.50 and a 1-year high of $15.30.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BNRG shares. Wall Street Zen downgraded shares of Brenmiller Energy to a “strong sell” rating in a research report on Friday, June 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Brenmiller Energy

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.