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

Brenmiller Energy Ltd (NASDAQ:BNRG) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 437,300 shares, an increase of 11.8% from the December 31st total of 391,100 shares. Currently, 9.0% of the company’s shares are short sold. Based on an average trading volume of 1,620,000 shares, the short-interest ratio is presently 0.3 days.

Brenmiller Energy Stock Performance

Shares of BNRG stock remained flat at $1.36 during trading on Monday. 133,511 shares of the company were exchanged, compared to its average volume of 997,415. Brenmiller Energy has a 52-week low of $0.60 and a 52-week high of $4.65. The company has a fifty day simple moving average of $1.34 and a 200-day simple moving average of $1.01. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.74 and a current ratio of 2.97.

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.