Brooge Energy Limited (NASDAQ:BROG) Short Interest Update

Brooge Energy Limited (NASDAQ:BROG) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 26,000 shares, a decline of 20.5% from the October 15th total of 32,700 shares. Based on an average daily trading volume, of 35,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Brooge Energy Price Performance

NASDAQ:BROG traded up $0.09 on Friday, reaching $1.41. 7,229 shares of the company’s stock traded hands, compared to its average volume of 237,253. The stock has a 50-day simple moving average of $1.57 and a 200-day simple moving average of $1.18. Brooge Energy has a 12 month low of $0.80 and a 12 month 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.