Short Interest in Brooge Energy Limited (NASDAQ:BROG) Declines By 33.7%

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 32,700 shares, a decline of 33.7% from the September 30th total of 49,300 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Brooge Energy Price Performance

NASDAQ:BROG traded up $0.03 during trading hours on Monday, reaching $1.90. 25,846 shares of the company traded hands, compared to its average volume of 252,009. The firm’s 50-day moving average is $1.40 and its 200-day moving average is $1.13. Brooge Energy has a 1-year low of $0.80 and a 1-year 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.