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

Brooge Energy Limited (NASDAQ:BROG) was the target of a large drop in short interest during 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. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 48,800 shares, the days-to-cover ratio is presently 0.4 days.

Brooge Energy Trading Down 0.8 %

Shares of Brooge Energy stock opened at $1.18 on Thursday. The company’s fifty day simple moving average is $1.19 and its 200-day simple moving average is $1.38. Brooge Energy has a 1-year low of $0.80 and a 1-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.