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

Brenmiller Energy Ltd (NASDAQ:BNRG) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 166,100 shares, a decline of 28.6% from the March 15th total of 232,500 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 411,900 shares, the short-interest ratio is currently 0.4 days.

Brenmiller Energy Stock Performance

Shares of NASDAQ BNRG traded down $0.05 during midday trading on Friday, hitting $1.31. The stock had a trading volume of 22,314 shares, compared to its average volume of 2,079,476. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.74 and a current ratio of 2.97. The stock has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.18. Brenmiller Energy has a 1 year low of $0.60 and a 1 year high of $3.27.

Brenmiller Energy Company Profile

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.