Brooge Energy Limited (NASDAQ:BROG) Short Interest Update

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 168,100 shares, a growth of 1,255.6% from the March 31st total of 12,400 shares. Based on an average daily volume of 684,800 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.3% of the shares of the stock are sold short.

Brooge Energy Price Performance

Shares of BROG opened at $1.14 on Friday. The business’s 50 day moving average is $2.07 and its 200 day moving average is $3.28. Brooge Energy has a 12-month low of $1.02 and a 12-month high of $6.66.

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.