Short Interest in Brenmiller Energy Ltd (NASDAQ:BNRG) Declines By 25.2%

Brenmiller Energy Ltd (NASDAQ:BNRG) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 118,800 shares, a decline of 25.2% from the February 13th total of 158,900 shares. Based on an average daily volume of 1,820,000 shares, the short-interest ratio is presently 0.1 days. Currently, 2.3% of the company’s stock are sold short.

Brenmiller Energy Trading Up 1.7 %

BNRG opened at $1.23 on Monday. The business’s 50-day moving average is $1.56 and its two-hundred day moving average is $1.13. Brenmiller Energy has a 1 year low of $0.60 and a 1 year high of $3.27. The company has a current ratio of 2.97, a quick ratio of 2.74 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.