Brooge Energy Limited (NASDAQ:BROG) Short Interest Down 6.9% in January

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 57,000 shares, a decline of 6.9% from the December 31st total of 61,200 shares. Based on an average trading volume of 28,300 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.4% of the shares of the stock are short sold.

Brooge Energy Price Performance

NASDAQ BROG traded down $0.01 on Monday, reaching $1.03. The company’s stock had a trading volume of 32,713 shares, compared to its average volume of 108,063. The firm’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.33. Brooge Energy has a twelve month low of $0.80 and a twelve month 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.