Brooge Energy Limited (NASDAQ:BROG) Sees Large Drop in Short Interest

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 23,200 shares, a decline of 21.1% from the January 31st total of 29,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 47,600 shares, the short-interest ratio is currently 0.5 days.

Brooge Energy Stock Performance

BROG stock opened at $1.11 on Wednesday. The company has a 50-day moving average of $1.24 and a two-hundred day moving average of $1.36. Brooge Energy has a 52-week low of $0.80 and a 52-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.