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

Brooge Energy Limited (NASDAQ:BROG - Get Free Report) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 19,200 shares, a decline of 17.2% from the February 13th total of 23,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is currently 0.4 days.

Brooge Energy Stock Up 5.0 %

BROG traded up $0.06 during trading hours on Friday, hitting $1.26. The company's stock had a trading volume of 3,141 shares, compared to its average volume of 218,453. The company has a 50-day simple moving average of $1.19 and a 200 day simple moving average of $1.38. Brooge Energy has a fifty-two week low of $0.80 and a fifty-two week 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.