Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Up 428.5% in May

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 185,927 shares, a growth of 428.5% from the April 30th total of 35,178 shares. Based on an average daily volume of 1,236,684 shares, the short-interest ratio is currently 0.2 days. Approximately 55.5% of the shares of the company are sold short.

Brenmiller Energy Price Performance

NASDAQ:BNRG traded down $0.24 on Friday, reaching $1.73. 14,872,282 shares of the company’s stock traded hands, compared to its average volume of 409,106. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.97. The stock has a 50-day simple moving average of $2.73 and a 200-day simple moving average of $14.65. The firm has a market cap of $933,660.00, a PE ratio of 0.00 and a beta of -0.69. Brenmiller Energy has a 12 month low of $1.30 and a 12 month high of $138.08.

Brenmiller Energy (NASDAQ:BNRG) last posted its quarterly earnings results on Wednesday, March 25th. The company reported ($76.52) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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 acquired a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 0.55% of Brenmiller Energy at the end of the most recent reporting period. 13.23% of the stock is owned by institutional investors and hedge funds.

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.