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

Brenmiller Energy Ltd (NASDAQ:BNRG) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 18,900 shares, a decline of 34.1% from the July 31st total of 28,700 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 637,800 shares, the days-to-cover ratio is currently 0.0 days.

Brenmiller Energy Stock Performance

Shares of NASDAQ:BNRG traded up $0.90 on Friday, hitting $1.55. 237,102,537 shares of the company were exchanged, compared to its average volume of 1,784,660. Brenmiller Energy has a 1-year low of $0.60 and a 1-year high of $8.20. The stock’s 50 day moving average price is $0.80 and its 200 day moving average price is $1.78. The company has a current ratio of 1.68, a quick ratio of 1.46 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $3.45 million, a P/E ratio of -0.20 and a beta of -0.85.

About Brenmiller Energy

Brenmiller Energy Ltd. develops, produces, markets, and sells thermal energy storage (TES) systems based on its proprietary technology that enables renewable integration, increases energy efficiency, and reduces carbon emissions. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines.