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

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

Brooge Energy Trading Up 2.6 %

Shares of BROG traded up $0.03 on Thursday, reaching $1.24. The company’s stock had a trading volume of 37,039 shares, compared to its average volume of 217,378. Brooge Energy has a twelve month low of $0.80 and a twelve month high of $6.66. The firm has a fifty 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.