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

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 45,600 shares, an increase of 137.5% from the February 28th total of 19,200 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 49,800 shares, the short-interest ratio is presently 0.9 days.

Brooge Energy Stock Performance

Shares of NASDAQ BROG opened at $1.32 on Friday. Brooge Energy has a fifty-two week low of $0.80 and a fifty-two week high of $6.66. The company’s 50 day simple moving average is $1.19 and its 200 day simple moving average 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.