Brooge Energy Limited (NASDAQ:BROG) Short Interest Update

Brooge Energy Limited (NASDAQ:BROG - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 27,700 shares, an increase of 33.8% from the April 30th total of 20,700 shares. Based on an average daily trading volume, of 92,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Brooge Energy Trading Up 6.1%

Brooge Energy stock traded up $0.11 during midday trading on Thursday, reaching $1.90. 243,016 shares of the stock traded hands, compared to its average volume of 145,917. Brooge Energy has a fifty-two week low of $0.81 and a fifty-two week high of $4.78. The firm has a fifty day moving average price of $1.48 and a two-hundred day moving average price of $1.35.

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.