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

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 daily volume of 48,800 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Brooge Energy Stock Performance

Shares of BROG stock opened at $1.18 on Thursday. The company’s fifty day moving average price is $1.19 and its 200-day moving average price is $1.38. Brooge Energy has a one year low of $0.80 and a one year 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.