Brooge Energy Limited (NASDAQ:BROG) Short Interest Update

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 26,000 shares, a decline of 20.5% from the October 15th total of 32,700 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is presently 0.7 days.

Brooge Energy Price Performance

NASDAQ:BROG traded up $0.09 during mid-day trading on Friday, hitting $1.41. The company’s stock had a trading volume of 7,229 shares, compared to its average volume of 237,253. Brooge Energy has a 1 year low of $0.80 and a 1 year high of $6.66. The business’s fifty day moving average is $1.57 and its two-hundred day moving average is $1.18.

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.