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

Brooge Energy Limited (NASDAQ:BROG - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 30,200 shares, a drop of 33.8% from the March 15th total of 45,600 shares. Currently, 0.2% of the company's shares are sold short. Based on an average trading volume of 48,200 shares, the short-interest ratio is currently 0.6 days.

Brooge Energy Stock Down 2.4 %

NASDAQ BROG traded down $0.03 during trading on Tuesday, reaching $1.24. 2,729 shares of the stock traded hands, compared to its average volume of 43,648. The stock's 50-day moving average price is $1.24 and its 200 day moving average price is $1.36. Brooge Energy has a fifty-two week low of $0.80 and a fifty-two week high of $2.14.

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.