BrenX Ltd. (NASDAQ:BRNX) Stock Short Interest Drops 44.8%

BrenX Ltd. (NASDAQ:BRNX) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 33,778 shares, a drop of 44.8% from the September 15th total of 61,146 shares. Approximately 7.6% of the company’s shares are sold short. Based on an average daily volume of 236,960 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of BrenX in a report on Thursday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

BrenX Stock Down 3.9%

Shares of BRNX stock traded down $0.04 during trading on Friday, hitting $1.01. The company had a trading volume of 26,936 shares, compared to its average volume of 445,968. The stock’s 50-day moving average price is $3.07 and its 200 day moving average price is $7.76. The company has a current ratio of 1.58, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77. BrenX has a one year low of $0.80 and a one year high of $383.86.

BrenX (NASDAQ:BRNX) last issued its quarterly earnings results on Wednesday, September 9th. The company reported ($62.95) earnings per share (EPS) for the quarter.

BrenX Company Profile

We are a technology company that develops, produces, markets and sells TES systems based on our proprietary and patented bGen™ technology. The use of our technology enables better renewable integration, increases energy efficiency and reduces carbon emissions by allowing constant and reliable energy while stabilizing the intermittent nature of renewable sources. We believe that climate change is the greatest challenge of our times. A major contributor to climate change is carbon emissions being emitted to the atmosphere.