Brooge Energy Limited (NASDAQ:BROG) Short Interest Down 19.6% in August

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 96,500 shares, a drop of 19.6% from the August 15th total of 120,000 shares. Based on an average trading volume of 25,600 shares, the short-interest ratio is presently 3.8 days. Currently, 0.7% of the company’s shares are short sold.

Brooge Energy Trading Up 10.2 %

NASDAQ BROG traded up $0.11 during trading hours on Friday, hitting $1.19. 87,043 shares of the company were exchanged, compared to its average volume of 15,159. Brooge Energy has a 52 week low of $0.80 and a 52 week high of $6.66. The stock has a 50-day moving average price of $0.98 and a 200 day moving average price of $1.24.

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.