Brooge Energy Limited (NASDAQ:BROG) Short Interest Up 137.5% in March

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

Brooge Energy Price Performance

NASDAQ:BROG opened at $1.32 on Friday. The stock’s fifty day moving average price is $1.19 and its two-hundred day moving average price is $1.38. Brooge Energy has a 52-week low of $0.80 and a 52-week 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.