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

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 39,211 shares, a decrease of 62.2% from the January 15th total of 103,698 shares. Based on an average daily volume of 215,285 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.9% of the shares of the company are sold short. Currently, 8.9% of the shares of the company are sold short. Based on an average daily volume of 215,285 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC purchased a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing. 13.23% of the stock is owned by institutional investors.

Brenmiller Energy Price Performance

Shares of NASDAQ:BNRG opened at $1.52 on Friday. Brenmiller Energy has a 1-year low of $1.51 and a 1-year high of $60.55. The firm has a market capitalization of $1.09 million, a PE ratio of -0.01 and a beta of -1.10. The business’s 50 day moving average is $4.11 and its 200-day moving average is $9.36. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 4.09.

Brenmiller Energy (NASDAQ:BNRG) last issued its earnings results on Tuesday, September 30th. The company reported ($13.26) EPS for the quarter. The company had revenue of $0.19 million during the quarter.

Analysts Set New Price Targets

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