Short Interest in Brenmiller Energy Ltd. (NASDAQ:BNRG) Declines By 62.2%

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 39,211 shares, a drop of 62.2% from the January 15th total of 103,698 shares. Currently, 8.9% of the company’s shares are sold short. Based on an average daily volume of 215,285 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 215,285 shares, the days-to-cover ratio is currently 0.2 days. Currently, 8.9% of the company’s shares are sold short.

Brenmiller Energy Stock Performance

Shares of BNRG stock opened at $1.83 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 4.09. The company has a market cap of $1.32 million, a PE ratio of -0.01 and a beta of -1.10. The company’s fifty day simple moving average is $4.24 and its 200-day simple moving average is $9.41. Brenmiller Energy has a 52 week low of $1.62 and a 52 week high of $60.55.

Brenmiller Energy (NASDAQ:BNRG) last announced its quarterly earnings results on Tuesday, September 30th. The company reported ($13.26) earnings per share for the quarter. The company had revenue of $0.19 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC purchased a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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. Institutional investors and hedge funds own 13.23% of the company’s stock.

Brenmiller Energy Company Profile

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.