Short Interest in Brooge Energy Limited (NASDAQ:BROG) Increases By 114.4%

Brooge Energy Limited (NASDAQ:BROG) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 154,400 shares, an increase of 114.4% from the June 30th total of 72,000 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 70,600 shares, the days-to-cover ratio is currently 2.2 days.

Brooge Energy Stock Performance

NASDAQ BROG traded up $0.02 during trading hours on Friday, reaching $0.96. 8,694 shares of the company were exchanged, compared to its average volume of 29,927. Brooge Energy has a 1 year low of $0.80 and a 1 year high of $6.66. The business’s 50 day simple moving average is $0.94 and its 200-day simple moving average is $1.64.

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.