Brooge Energy Limited (NASDAQ:BROG) Short Interest Update

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 19,200 shares, a drop of 17.2% from the February 13th total of 23,200 shares. Based on an average trading volume of 48,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Brooge Energy Stock Performance

BROG opened at $1.10 on Tuesday. Brooge Energy has a 12 month low of $0.80 and a 12 month high of $6.66. The stock’s 50 day moving average price is $1.20 and its 200 day moving average price is $1.38.

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.