Short Interest in Brenmiller Energy Ltd (NASDAQ:BNRG) Declines By 80.8%

Brenmiller Energy Ltd (NASDAQ:BNRG) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 8,700 shares, a decline of 80.8% from the June 15th total of 45,300 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 766,000 shares, the days-to-cover ratio is presently 0.0 days.

Brenmiller Energy Price Performance

Shares of BNRG opened at $0.89 on Friday. The company has a market cap of $1.98 million, a P/E ratio of -0.12 and a beta of -0.85. The stock has a fifty day moving average price of $1.34 and a 200 day moving average price of $2.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.68 and a quick ratio of 1.46. Brenmiller Energy has a 12 month low of $0.84 and a 12 month high of $13.75.

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.