Short Interest in Brooge Energy Limited (NASDAQ:BROG) Drops By 19.6%

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 96,500 shares, a drop of 19.6% from the August 15th total of 120,000 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 25,600 shares, the days-to-cover ratio is currently 3.8 days.

Brooge Energy Stock Up 10.2 %

BROG traded up $0.11 on Friday, hitting $1.19. 87,043 shares of the company’s stock traded hands, compared to its average volume of 15,159. Brooge Energy has a one year low of $0.80 and a one year high of $6.66. The company’s 50 day simple moving average is $0.98 and its 200-day simple moving average is $1.24.

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.