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

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 61,200 shares, an increase of 78.9% from the November 30th total of 34,200 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 2.5 days.

Brooge Energy Stock Up 5.3 %

Shares of BROG traded up $0.07 during mid-day trading on Friday, hitting $1.40. 6,662 shares of the company’s stock were exchanged, compared to its average volume of 211,993. Brooge Energy has a 52 week low of $0.80 and a 52 week high of $6.66. The stock’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $1.26.

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.