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

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 37,651 shares, a growth of 75.3% from the March 31st total of 21,480 shares. Approximately 11.8% of the shares of the stock are sold short. Based on an average daily volume of 46,222 shares, the days-to-cover ratio is presently 0.8 days.

Brenmiller Energy Price Performance

Shares of Brenmiller Energy stock opened at $3.14 on Tuesday. The business has a 50 day simple moving average of $4.17 and a two-hundred day simple moving average of $22.80. Brenmiller Energy has a 12 month low of $2.43 and a 12 month high of $236.25. The stock has a market capitalization of $1.62 million, a P/E ratio of -0.01 and a beta of -0.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.03.

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

Institutional Investors Weigh In On Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC purchased a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Brenmiller Energy has an average 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.