Short Interest in Brooge Energy Limited (NASDAQ:BROG) Expands By 35.4%

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 35,200 shares, a growth of 35.4% from the October 31st total of 26,000 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 35,300 shares, the short-interest ratio is presently 1.0 days.

Brooge Energy Stock Down 5.0 %

NASDAQ BROG traded down $0.07 during mid-day trading on Friday, reaching $1.32. 25,705 shares of the stock were exchanged, compared to its average volume of 228,279. Brooge Energy has a 1-year low of $0.80 and a 1-year high of $6.66. The business’s fifty day simple moving average is $1.58 and its 200 day simple moving average is $1.20.

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.