Brooge Energy Limited (NASDAQ:BROG) Short Interest Update

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 45,600 shares, an increase of 137.5% from the February 28th total of 19,200 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is presently 0.9 days.

Brooge Energy Price Performance

BROG traded down $0.02 during trading hours on Friday, hitting $1.30. 3,326 shares of the company’s stock were exchanged, compared to its average volume of 218,541. 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 $1.19 and a 200 day moving average of $1.39.

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.