Short Interest in Brooge Energy Limited (NASDAQ:BROG) Declines By 21.1%

Brooge Energy Limited (NASDAQ:BROG) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 23,200 shares, a decrease of 21.1% from the January 31st total of 29,400 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 47,600 shares, the short-interest ratio is currently 0.5 days.

Brooge Energy Stock Performance

Shares of BROG stock traded up $0.01 during trading hours on Tuesday, hitting $1.11. The company had a trading volume of 22,944 shares, compared to its average volume of 217,791. The company’s fifty day moving average is $1.24 and its 200 day moving average is $1.36. 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.