Short Interest in Brooge Energy Limited (NASDAQ:BROG) Decreases By 17.6%

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 127,300 shares, a decline of 17.6% from the July 15th total of 154,400 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 52,300 shares, the days-to-cover ratio is presently 2.4 days.

Brooge Energy Stock Performance

Shares of NASDAQ BROG traded up $0.01 during midday trading on Friday, reaching $0.98. 5,639 shares of the stock were exchanged, compared to its average volume of 26,859. The stock has a 50 day moving average price of $0.94 and a 200-day moving average price of $1.49. Brooge Energy has a 52-week low of $0.80 and a 52-week high of $6.66.

Brooge Energy Company Profile

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.