Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Down 38.1% in July

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 109,039 shares, a decline of 38.1% from the July 15th total of 176,173 shares. Based on an average trading volume of 5,919,867 shares, the days-to-cover ratio is presently 0.0 days. Approximately 6.9% of the shares of the company are sold short.

Institutional Trading of Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC purchased a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned 0.55% of Brenmiller Energy at the end of the most recent reporting period. Institutional investors and hedge funds own 13.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BNRG shares. Weiss Ratings restated a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Brenmiller Energy to a “sell” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Brenmiller Energy Stock Performance

BNRG stock traded down $0.02 during mid-day trading on Wednesday, hitting $3.44. 387,935 shares of the company were exchanged, compared to its average volume of 635,639. The business has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $19.39. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $412,800.00, a PE ratio of -0.01 and a beta of -0.60. Brenmiller Energy has a 1-year low of $2.06 and a 1-year high of $512.40.

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.