Brooge Energy Limited (NASDAQ:BROG) Short Interest Down 6.9% in January

Brooge Energy Limited (NASDAQ:BROG) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 57,000 shares, a drop of 6.9% from the December 31st total of 61,200 shares. Based on an average daily trading volume, of 28,300 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the company’s stock are sold short.

Brooge Energy Stock Performance

Shares of NASDAQ BROG traded down $0.01 during trading on Monday, hitting $1.03. The stock had a trading volume of 32,713 shares, compared to its average volume of 108,063. The firm has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.33. Brooge Energy has a 12 month low of $0.80 and a 12 month high of $6.66.

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.