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

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 19,200 shares, a decrease of 17.2% from the February 13th total of 23,200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 48,800 shares, the days-to-cover ratio is presently 0.4 days.

Brooge Energy Stock Up 8.3 %

Shares of BROG opened at $1.19 on Wednesday. The company’s 50 day moving average price is $1.19 and its 200 day moving average price is $1.38. Brooge Energy has a 52 week low of $0.80 and a 52 week high of $6.66.

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.