Brooge Energy Limited (NASDAQ:BROG) Short Interest Down 34.2% in September

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 49,300 shares, a decline of 34.2% from the September 15th total of 74,900 shares. Based on an average daily trading volume, of 32,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are sold short.

Brooge Energy Stock Up 2.2 %

Shares of NASDAQ BROG traded up $0.04 during trading hours on Friday, reaching $1.61. The stock had a trading volume of 29,666 shares, compared to its average volume of 60,335. Brooge Energy has a 52-week low of $0.80 and a 52-week high of $6.66. The business’s fifty day moving average price is $1.23 and its two-hundred day moving average price is $1.13.

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.