Short Interest in Brooge Energy Limited (NASDAQ:BROG) Drops By 20.5%

Brooge Energy Limited (NASDAQ:BROG) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 26,000 shares, a decline of 20.5% from the October 15th total of 32,700 shares. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Brooge Energy Stock Up 6.8 %

Shares of BROG stock traded up $0.09 during mid-day trading on Friday, hitting $1.41. The stock had a trading volume of 7,229 shares, compared to its average volume of 28,707. The company’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.18. Brooge Energy has a fifty-two week low of $0.80 and a fifty-two week 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.