Brooge Energy Limited (NASDAQ:BROG) Sees Large Growth in Short Interest

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

Brooge Energy Price Performance

NASDAQ:BROG traded down $0.06 during midday trading on Tuesday, hitting $1.25. 2,358 shares of the stock were exchanged, compared to its average volume of 216,809. The business has a 50-day moving average price of $1.19 and a two-hundred day moving average price of $1.39. Brooge Energy has a one year low of $0.80 and a one year 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.