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

Brooge Energy Limited (NASDAQ:BROG) was the target of a large decline in short interest during 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 company’s stock are short sold. Based on an average daily volume of 48,800 shares, the short-interest ratio is presently 0.4 days.

Brooge Energy Trading Up 8.3 %

Shares of NASDAQ:BROG opened at $1.19 on Wednesday. Brooge Energy has a 1 year low of $0.80 and a 1 year high of $6.66. The firm has a fifty day moving average price of $1.19 and a 200 day moving average price of $1.38.

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.