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

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

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:BNRGFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned 0.55% of Brenmiller Energy as of its most recent SEC filing. Hedge funds and other institutional investors own 13.23% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Brenmiller Energy

Brenmiller Energy Price Performance

BNRG stock opened at $1.76 on Thursday. Brenmiller Energy has a one year low of $1.30 and a one year high of $138.08. The firm has a 50-day moving average of $2.75 and a two-hundred day moving average of $14.99. The firm has a market capitalization of $951,619.00, a PE ratio of 0.00 and a beta of -0.69. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.97.

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

Brenmiller Energy Company Profile

(Get Free Report)

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.

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