Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Update

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 161,465 shares, a growth of 362.6% from the December 15th total of 34,901 shares. Based on an average daily trading volume, of 1,397,934 shares, the short-interest ratio is currently 0.1 days. Currently, 6.8% of the shares of the stock are sold short. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,397,934 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC bought a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Brenmiller Energy Stock Down 3.2%

Shares of BNRG opened at $0.50 on Wednesday. The stock has a 50 day moving average price of $0.93 and a 200 day moving average price of $1.60. Brenmiller Energy has a one year low of $0.45 and a one year high of $12.40. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.91 and a current ratio of 1.30. The stock has a market capitalization of $1.94 million, a price-to-earnings ratio of -0.02 and a beta of -1.10.

Brenmiller Energy (NASDAQ:BNRG) last announced its earnings results on Tuesday, September 30th. The company reported ($1.90) earnings per share (EPS) for the quarter. The business had revenue of $0.19 million for the quarter.

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.