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

Brenmiller Energy Ltd (NASDAQ:BNRG) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 232,500 shares, an increase of 95.7% from the February 28th total of 118,800 shares. Currently, 4.4% of the shares of the company are sold short. Based on an average trading volume of 1,650,000 shares, the days-to-cover ratio is presently 0.1 days.

Brenmiller Energy Trading Down 9.2 %

BNRG stock opened at $1.28 on Friday. The firm’s 50-day simple moving average is $1.40 and its 200 day simple moving average is $1.14. Brenmiller Energy has a fifty-two week low of $0.60 and a fifty-two week high of $3.27. The company has a quick ratio of 2.74, a current ratio of 2.97 and a debt-to-equity ratio of 0.71.

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.