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

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 132,081 shares, a growth of 172.2% from the May 31st total of 48,532 shares. Based on an average daily trading volume, of 2,656,564 shares, the short-interest ratio is presently 0.0 days. Approximately 39.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BNRG shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Brenmiller Energy to a “sell” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Brenmiller Energy Stock Down 1.5%

Shares of BNRG stock traded down $0.01 during trading on Tuesday, reaching $0.80. The company’s stock had a trading volume of 37,698 shares, compared to its average volume of 615,223. Brenmiller Energy has a one year low of $0.67 and a one year high of $98.00. The business has a fifty day moving average price of $1.89 and a 200-day moving average price of $8.48. The company has a market cap of $429,300.00, a price-to-earnings ratio of -0.00 and a beta of -0.75. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.97.

Hedge Funds Weigh In On Brenmiller Energy

A hedge fund recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC bought a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.55% of Brenmiller Energy as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 13.23% of the company’s stock.

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.