Short Interest in Brooge Energy Limited (NASDAQ:BROG) Drops By 48.2%

Brooge Energy Limited (NASDAQ:BROG) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 66,800 shares, a decline of 48.2% from the May 15th total of 128,900 shares. Based on an average daily volume of 726,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Brooge Energy Stock Down 5.7 %

Shares of BROG stock traded down $0.06 during trading hours on Friday, reaching $0.95. 9,206 shares of the company’s stock were exchanged, compared to its average volume of 85,885. Brooge Energy has a fifty-two week low of $0.80 and a fifty-two week high of $6.66. The business has a fifty day moving average price of $1.06 and a 200-day moving average price of $2.27.

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.