Short Interest in Brenmiller Energy Ltd (NASDAQ:BNRG) Declines By 41.6%

Brenmiller Energy Ltd (NASDAQ:BNRG) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 62,300 shares, a decline of 41.6% from the January 15th total of 106,600 shares. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is currently 0.0 days. Approximately 1.2% of the shares of the stock are sold short.

Brenmiller Energy Stock Performance

Brenmiller Energy stock traded down $0.04 during midday trading on Thursday, reaching $1.17. The company’s stock had a trading volume of 56,873 shares, compared to its average volume of 881,201. The business has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.03. Brenmiller Energy has a 52 week low of $0.60 and a 52 week high of $4.40. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.74 and a current ratio of 2.97.

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.