Brooge Energy Limited (NASDAQ:BROG) Sees Significant Decrease in Short Interest

Brooge Energy Limited (NASDAQ:BROG) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 32,700 shares, a decrease of 33.7% from the September 30th total of 49,300 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Brooge Energy Stock Up 10.0 %

Brooge Energy stock traded up $0.17 during trading hours on Friday, hitting $1.87. The stock had a trading volume of 32,465 shares, compared to its average volume of 253,122. Brooge Energy has a 1-year low of $0.80 and a 1-year high of $6.66. The stock’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.14.

About Brooge Energy

Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the United Arab Emirates. It operates phase I and phase II facilities comprising 22 tanks with a capacity of approximately 1,001,388 cubic meters for offering storage, heating, and blending of fuel oil and clean petroleum products, including aviation fuel, gas oil, gasoline, marine gas oil, and naphtha.