Brenmiller Energy Ltd. (NASDAQ:BNRG) Short Interest Up 172.2% in June

Brenmiller Energy Ltd. (NASDAQ:BNRG) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 132,081 shares, an increase of 172.2% from the May 31st total of 48,532 shares. Currently, 39.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,656,564 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Brenmiller Energy to a “sell” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Brenmiller Energy currently has an average rating of “Sell”.

Brenmiller Energy Price Performance

Shares of NASDAQ:BNRG opened at $0.81 on Monday. The firm’s 50 day moving average is $1.95 and its two-hundred day moving average is $8.74. Brenmiller Energy has a 52 week low of $0.67 and a 52 week high of $98.00. The firm has a market capitalization of $434,808.00, a P/E ratio of -0.00 and a beta of -0.75. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.97.

Hedge Funds Weigh In On Brenmiller Energy

A hedge fund recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC bought a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned 0.55% of Brenmiller Energy at the end of the most recent reporting period. 13.23% of the stock is owned by institutional investors and hedge funds.

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.