Brenmiller Energy Ltd. (NASDAQ:BNRG) Sees Large Increase in Short Interest

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 351,863 shares, a growth of 686.6% from the February 26th total of 44,730 shares. Currently, 79.4% of the shares of the stock are sold short. Based on an average daily volume of 2,307,473 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC acquired a new position in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 0.55% of Brenmiller Energy as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 13.23% of the company’s stock.

Brenmiller Energy Trading Up 5.9%

BNRG stock opened at $0.73 on Thursday. The business has a fifty day moving average price of $1.87 and a 200 day moving average price of $6.76. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.30 and a quick ratio of 0.91. Brenmiller Energy has a fifty-two week low of $0.55 and a fifty-two week high of $52.15. The stock has a market capitalization of $525,456.00, a price-to-earnings ratio of 0.00 and a beta of -0.97.

Brenmiller Energy (NASDAQ:BNRG) last posted its quarterly earnings data on Wednesday, March 25th. The company reported ($15.30) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.