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

Brenmiller Energy Ltd (NASDAQ:BNRG) was the recipient of a large decline in short interest in 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.4 days.

Brenmiller Energy Price Performance

BNRG traded down $0.01 on Monday, hitting $1.99. 4,784 shares of the company 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 current ratio of 1.68, a quick ratio of 1.46 and a debt-to-equity ratio of 1.73. The firm has a 50-day moving average price of $2.72 and a two-hundred day moving average price of $4.69.

Institutional Inflows and Outflows

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

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.