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

Brooge Energy Limited (NASDAQ:BROG - Get Free Report) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 29,400 shares, an increase of 20.0% from the January 15th total of 24,500 shares. Based on an average daily volume of 46,100 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company's shares are sold short.

Brooge Energy Stock Performance

Shares of Brooge Energy stock traded up $0.04 on Wednesday, hitting $1.45. The stock had a trading volume of 12,015 shares, compared to its average volume of 79,664. The stock has a 50 day moving average of $1.29 and a 200 day moving average of $1.34. Brooge Energy has a twelve month low of $0.80 and a twelve month 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.