Short Interest in Brooge Energy Limited (NASDAQ:BROG) Grows By 33.8%

Brooge Energy Limited (NASDAQ:BROG) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 27,700 shares, a growth of 33.8% from the April 30th total of 20,700 shares. Based on an average trading volume of 92,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Brooge Energy Stock Down 8.5%

Shares of NASDAQ BROG opened at $1.67 on Monday. The firm’s 50-day moving average price is $1.46 and its 200-day moving average price is $1.34. Brooge Energy has a 52-week low of $0.80 and a 52-week high of $4.78.

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.