Brooge Energy Limited (NASDAQ:BROGW) Sees Significant Decline in Short Interest

Brooge Energy Limited (NASDAQ:BROGW) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 5,400 shares, a drop of 19.4% from the October 15th total of 6,700 shares. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is currently 0.2 days.

Brooge Energy Stock Performance

Shares of NASDAQ BROGW remained flat at $0.00 during mid-day trading on Friday. The company had a trading volume of 100 shares, compared to its average volume of 37,939. Brooge Energy has a 52 week low of $0.00 and a 52 week high of $0.09.

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.