Short Interest in Brenmiller Energy Ltd (NASDAQ:BNRG) Declines By 75.6%

Brenmiller Energy Ltd (NASDAQ:BNRG) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 106,600 shares, a decline of 75.6% from the December 31st total of 437,300 shares. Based on an average daily volume of 1,680,000 shares, the short-interest ratio is currently 0.1 days. Approximately 2.0% of the company’s shares are short sold.

Brenmiller Energy Stock Down 4.9 %

Shares of BNRG traded down $0.08 during trading hours on Thursday, hitting $1.54. 100,126 shares of the stock traded hands, compared to its average volume of 1,082,927. The business has a fifty day moving average of $1.30 and a 200-day moving average of $1.00. Brenmiller Energy has a 1-year low of $0.60 and a 1-year high of $4.65. The company has a current ratio of 2.97, a quick ratio of 2.74 and a debt-to-equity ratio of 0.71.

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.