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

Brenmiller Energy Ltd (NASDAQ:BNRG) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 661,300 shares, an increase of 3,398.9% from the August 15th total of 18,900 shares. Currently, 48.3% of the shares of the company are short sold. Based on an average trading volume of 5,280,000 shares, the short-interest ratio is currently 0.1 days.

Brenmiller Energy Stock Performance

BNRG opened at $0.95 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.97 and a quick ratio of 2.74. The business has a fifty day simple moving average of $0.85 and a 200 day simple moving average of $1.56. Brenmiller Energy has a 1 year low of $0.60 and a 1 year high of $8.20. The company has a market capitalization of $2.10 million, a PE ratio of -0.12 and a beta of -0.67.

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.