Bimergen Energy Corporation (NYSEAMERICAN:BESS – Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 84,235 shares, an increase of 284.0% from the April 30th total of 21,934 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average trading volume of 217,550 shares, the days-to-cover ratio is currently 0.4 days.
Bimergen Energy Trading Down 10.3%
BESS stock traded down $0.44 during trading hours on Friday, reaching $3.86. 116,581 shares of the stock were exchanged, compared to its average volume of 106,810. The stock has a market cap of $27.38 million, a PE ratio of -2.29 and a beta of 2.09. Bimergen Energy has a 12 month low of $2.00 and a 12 month high of $17.12.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Bimergen Energy to a “hold” rating in a report on Monday, May 4th. ThinkEquity raised shares of Bimergen Energy to a “strong-buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
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.
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