Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Down 38.1% in July

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 109,039 shares, a decrease of 38.1% from the July 15th total of 176,173 shares. Based on an average trading volume of 5,919,867 shares, the short-interest ratio is presently 0.0 days. Approximately 6.9% of the shares of the stock are short sold.

Brenmiller Energy Price Performance

Shares of NASDAQ:BNRG traded down $0.02 during trading on Tuesday, reaching $3.44. The stock had a trading volume of 387,935 shares, compared to its average volume of 635,639. The stock has a market capitalization of $412,800.00, a PE ratio of -0.01 and a beta of -0.60. 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 has a 52 week low of $2.06 and a 52 week high of $512.40. The business’s 50-day moving average price is $4.88 and its 200 day moving average price is $20.00.

Hedge Funds Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC acquired a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 (SEC). Hedge funds and other institutional investors own 13.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BNRG has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Friday, July 17th. Wall Street Zen raised shares of Brenmiller Energy to a “sell” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.