Short Interest in Brooge Energy Limited (NASDAQ:BROG) Grows By 27.4%

Brooge Energy Limited (NASDAQ:BROG) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 85,100 shares, an increase of 27.4% from the May 31st total of 66,800 shares. Based on an average daily volume of 732,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the company’s stock are short sold.

Brooge Energy Stock Performance

BROG traded down $0.05 during trading on Monday, hitting $0.87. 40,888 shares of the company’s stock traded hands, compared to its average volume of 401,240. The company’s 50 day simple moving average is $1.00 and its two-hundred day simple moving average is $1.99. Brooge Energy has a 12-month low of $0.80 and a 12-month 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.