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 in January. As of January 15th, there was short interest totalling 57,000 shares, a decline of 6.9% from the December 31st total of 61,200 shares. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.4% of the shares of the stock are sold short.

Brooge Energy Stock Down 0.5 %

Shares of BROG traded down $0.01 during midday trading on Monday, hitting $1.03. 32,713 shares of the company traded hands, compared to its average volume of 108,063. Brooge Energy has a 52 week low of $0.80 and a 52 week high of $6.66. The firm has a 50 day moving average of $1.33 and a 200-day moving average of $1.33.

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.