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

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 168,100 shares, a growth of 1,255.6% from the March 31st total of 12,400 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 684,800 shares, the short-interest ratio is presently 0.2 days.

Brooge Energy Stock Performance

NASDAQ:BROG traded up $0.06 during trading hours on Thursday, reaching $1.10. The company had a trading volume of 111,873 shares, compared to its average volume of 592,731. The stock has a 50-day moving average of $2.10 and a two-hundred day moving average of $3.29. Brooge Energy has a one year low of $1.02 and a one year 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.