Short Interest in Brooge Energy Limited (NASDAQ:BROG) Expands By 137.5%

Brooge Energy Limited (NASDAQ:BROG) saw a large growth in short interest during 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. Based on an average daily trading volume, of 49,800 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the company’s stock are short sold.

Brooge Energy Trading Down 1.5 %

Shares of BROG traded down $0.02 during mid-day trading on Friday, reaching $1.30. The company’s stock had a trading volume of 3,326 shares, compared to its average volume of 218,541. Brooge Energy has a 12-month low of $0.80 and a 12-month high of $6.66. The company’s 50 day moving average is $1.19 and its 200 day moving average is $1.39.

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.