Short Interest in Brenmiller Energy Ltd. (NASDAQ:BNRG) Declines By 35.8%

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 103,698 shares, a decline of 35.8% from the December 31st total of 161,465 shares. Approximately 23.4% of the company’s stock are short sold. Based on an average daily volume of 245,623 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 245,623 shares, the short-interest ratio is currently 0.4 days. Approximately 23.4% of the company’s stock are short sold.

Brenmiller Energy Stock Performance

Shares of BNRG traded down $0.12 on Friday, reaching $2.82. 75,646 shares of the company’s stock traded hands, compared to its average volume of 121,102. The stock’s 50 day simple moving average is $5.13 and its two-hundred day simple moving average is $10.08. The stock has a market cap of $2.03 million, a PE ratio of -0.10 and a beta of -1.10. Brenmiller Energy has a 52-week low of $2.65 and a 52-week high of $60.55. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 4.09.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brenmiller Energy in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Brenmiller Energy currently has a consensus 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. bought a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned 0.50% of Brenmiller Energy as of its most recent SEC filing. Hedge funds and other institutional investors own 13.23% of the company’s stock.

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.