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

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 39,211 shares, a drop of 62.2% from the January 15th total of 103,698 shares. Based on an average daily volume of 215,285 shares, the short-interest ratio is currently 0.2 days. Approximately 8.9% of the shares of the stock are short sold. Approximately 8.9% of the shares of the stock are short sold. Based on an average daily volume of 215,285 shares, the short-interest ratio is currently 0.2 days.

Brenmiller Energy Stock Down 10.9%

Shares of NASDAQ BNRG opened at $2.44 on Wednesday. The firm has a market cap of $1.76 million, a P/E ratio of -0.01 and a beta of -1.10. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.91 and a current ratio of 1.30. Brenmiller Energy has a 1 year low of $2.18 and a 1 year high of $60.55. The firm’s 50 day moving average price is $4.36 and its 200 day moving average price is $9.47.

Brenmiller Energy (NASDAQ:BNRG) last issued its quarterly earnings results on Tuesday, September 30th. The company reported ($13.26) earnings per share for the quarter. The business had revenue of $0.19 million during the quarter.

Institutional Investors Weigh In On Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned 0.50% of Brenmiller Energy as of its most recent SEC filing. 13.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brenmiller Energy in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Brenmiller Energy

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.