Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Up 362.6% in December

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 161,465 shares, an increase of 362.6% from the December 15th total of 34,901 shares. Based on an average daily volume of 1,397,934 shares, the short-interest ratio is presently 0.1 days. Approximately 6.8% of the company’s shares are sold short. Approximately 6.8% of the company’s shares are sold short. Based on an average daily volume of 1,397,934 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.50% of Brenmiller Energy as of its most recent filing with the Securities & Exchange Commission. 13.23% of the stock is currently owned by hedge funds and other institutional investors.

Brenmiller Energy Stock Down 5.4%

Shares of BNRG traded down $0.03 during mid-day trading on Tuesday, reaching $0.49. The company’s stock had a trading volume of 136,142 shares, compared to its average volume of 279,969. The business has a fifty day moving average of $0.95 and a 200 day moving average of $1.62. The company has a market cap of $1.90 million, a price-to-earnings ratio of -0.02 and a beta of -1.10. Brenmiller Energy has a 1 year low of $0.45 and a 1 year high of $12.40. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 4.09.

Brenmiller Energy (NASDAQ:BNRG) last issued its quarterly earnings results on Tuesday, September 30th. The company reported ($1.90) earnings per share for the quarter. The firm had revenue of $0.19 million during the quarter.

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.