Brenmiller Energy Ltd (NASDAQ:BNRG) Short Interest Down 17.6% in April

Brenmiller Energy Ltd (NASDAQ:BNRG) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,800 shares, a decline of 17.6% from the March 31st total of 3,400 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Brenmiller Energy Trading Down 0.5 %

Shares of BNRG traded down $0.01 during midday trading on Monday, reaching $1.99. 4,784 shares of the stock were exchanged, compared to its average volume of 8,582. Brenmiller Energy has a twelve month low of $1.99 and a twelve month high of $13.75. The company has a quick ratio of 1.46, a current ratio of 1.68 and a debt-to-equity ratio of 1.73. The stock’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $4.69.

Institutional Investors Weigh In On Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Brenmiller Energy Ltd (NASDAQ:BNRG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 966,725 shares of the company’s stock, valued at approximately $663,000. Migdal Insurance & Financial Holdings Ltd. owned approximately 6.27% of Brenmiller Energy at the end of the most recent quarter. 13.23% of the stock is currently owned by institutional investors and hedge funds.

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.