Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Update

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 44,730 shares, a decline of 46.4% from the February 12th total of 83,480 shares. Based on an average daily volume of 70,355 shares, the days-to-cover ratio is currently 0.6 days. Currently, 10.1% of the company’s stock are short sold. Currently, 10.1% of the company’s stock are short sold. Based on an average daily volume of 70,355 shares, the days-to-cover ratio is currently 0.6 days.

Brenmiller Energy Trading Up 3.9%

Shares of NASDAQ BNRG traded up $0.03 during midday trading on Thursday, reaching $0.86. The stock had a trading volume of 16,126,240 shares, compared to its average volume of 869,254. Brenmiller Energy has a twelve month low of $0.77 and a twelve month high of $52.15. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.91 and a current ratio of 1.30. The company’s 50 day moving average price is $2.45 and its 200 day moving average price is $7.74. The firm has a market cap of $619,200.00, a price-to-earnings ratio of 0.00 and a beta of -0.97.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Brenmiller Energy presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC bought a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.55% of Brenmiller Energy as of its most recent SEC filing. 13.23% of the stock is owned by institutional investors.

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.