Brooge Energy Limited (NASDAQ:BROG) Short Interest Up 114.4% in July

Brooge Energy Limited (NASDAQ:BROG) saw a large increase in short interest in 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. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 70,600 shares, the short-interest ratio is presently 2.2 days.

Brooge Energy Price Performance

Shares of NASDAQ:BROG traded up $0.02 during trading on Friday, reaching $0.96. 8,694 shares of the company’s stock traded hands, compared to its average volume of 29,927. Brooge Energy has a 12 month low of $0.80 and a 12 month high of $6.66. The company has a 50 day moving average of $0.94 and a 200-day moving average of $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.