Short Interest in Brooge Energy Limited (NASDAQ:BROG) Decreases By 21.1%

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 23,200 shares, a decline of 21.1% from the January 31st total of 29,400 shares. Based on an average daily volume of 47,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Brooge Energy Price Performance

BROG traded up $0.01 during trading hours on Tuesday, hitting $1.11. 22,944 shares of the company’s stock were exchanged, compared to its average volume of 217,791. Brooge Energy has a 12-month low of $0.80 and a 12-month high of $6.66. The firm has a 50 day moving average of $1.24 and a 200 day moving average of $1.36.

Brooge Energy Company Profile

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.