Short Interest in Brooge Energy Limited (NASDAQ:BROG) Declines By 6.9%

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

Brooge Energy Stock Performance

Shares of NASDAQ BROG opened at $1.26 on Monday. The firm has a 50 day moving average price of $1.38 and a 200 day moving average price of $1.31. 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.