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

Brenmiller Energy Ltd. (NASDAQ:BNRG) saw a significant decrease in short interest in 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. Approximately 6.9% of the shares of the stock are short sold. Based on an average daily volume of 5,919,867 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Brenmiller Energy

An institutional investor recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC 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 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 institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Brenmiller Energy to a “sell” rating in a report on Saturday, June 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Brenmiller Energy presently has a consensus rating of “Sell”.

Brenmiller Energy Price Performance

Shares of NASDAQ:BNRG opened at $3.44 on Thursday. The company has a market capitalization of $412,800.00, a P/E ratio of -0.01 and a beta of -0.60. Brenmiller Energy has a 1-year low of $2.06 and a 1-year high of $512.40. The firm’s 50 day simple moving average is $4.71 and its two-hundred day simple moving average is $18.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.03.

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.