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

Brooge Energy Limited (NASDAQ:BROG - Get Free Report) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 23,200 shares, a decline of 21.1% from the January 31st total of 29,400 shares. Based on an average daily trading volume, of 47,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company's stock are sold short.

Brooge Energy Stock Down 4.7 %

Brooge Energy stock traded down $0.06 during mid-day trading on Friday, reaching $1.22. 7,968 shares of the company were exchanged, compared to its average volume of 218,275. The business has a fifty day moving average of $1.23 and a 200 day moving average of $1.36. Brooge Energy has a 12-month low of $0.80 and a 12-month high of $6.66.

About Brooge Energy

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.