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

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 103,698 shares, a decrease of 35.8% from the December 31st total of 161,465 shares. Approximately 23.4% of the shares of the stock are sold short. Based on an average daily volume of 245,623 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 245,623 shares, the days-to-cover ratio is currently 0.4 days. Approximately 23.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned about 0.50% of Brenmiller Energy as of its most recent SEC filing. Institutional investors own 13.23% of the company’s stock.

Brenmiller Energy Trading Down 4.1%

Shares of Brenmiller Energy stock traded down $0.12 on Friday, hitting $2.82. 75,646 shares of the company’s stock traded hands, compared to its average volume of 121,102. 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 one year low of $2.65 and a one year high of $60.55. The company has a fifty day moving average of $5.13 and a two-hundred day moving average of $10.11. The company has a market capitalization of $2.03 million, a price-to-earnings ratio of -0.10 and a beta of -1.10.

Brenmiller Energy (NASDAQ:BNRG) last released its quarterly earnings data on Tuesday, September 30th. The company reported ($13.26) earnings per share 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.