Bimergen Energy Corporation (NYSEAMERICAN:BESS) Short Interest Up 284.0% in May

Bimergen Energy Corporation (NYSEAMERICAN:BESS) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 84,235 shares, an increase of 284.0% from the April 30th total of 21,934 shares. Based on an average trading volume of 217,550 shares, the short-interest ratio is currently 0.4 days. Approximately 2.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

BESS has been the topic of several research reports. Zacks Research raised shares of Bimergen Energy to a “hold” rating in a report on Monday, May 4th. ThinkEquity raised shares of Bimergen Energy to a “strong-buy” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Bimergen Energy Stock Down 11.4%

Shares of BESS stock opened at $3.81 on Friday. Bimergen Energy has a fifty-two week low of $2.00 and a fifty-two week high of $17.12. The company has a market capitalization of $27.05 million, a price-to-earnings ratio of -2.23 and a beta of 2.09.

About Bimergen Energy

Spine Injury Solutions, Inc provides a suite of revolutionary electrical power generation technologies. The company intends to offer Evirontek Integrated Platform to the cryptocurrency mining industry to reduce the exorbitant high cost of electricity. It also provides spine injury diagnostic services; and owns, develops, and leases the Quad Video Halo video recording system used to record medical procedures. The company is based in Costa Mesa, California.