Brooge Energy Limited (NASDAQ:BROG) Sees Large Decline in Short Interest

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

Brooge Energy Trading Down 5.8 %

Brooge Energy stock traded down $0.08 during midday trading on Tuesday, reaching $1.30. The stock had a trading volume of 26,149 shares, compared to its average volume of 285,373. Brooge Energy has a 12 month low of $0.80 and a 12 month high of $6.66. The firm’s 50-day moving average price is $0.99 and its 200 day moving average price is $1.23.

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.