Short Interest in Brooge Energy Limited (NASDAQ:BROG) Expands By 35.4%

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 35,200 shares, a growth of 35.4% from the October 31st total of 26,000 shares. Based on an average daily volume of 35,300 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Brooge Energy Stock Down 5.0 %

Shares of BROG stock traded down $0.07 during trading hours on Friday, hitting $1.32. The company’s stock had a trading volume of 25,705 shares, compared to its average volume of 228,279. The business has a fifty day moving average of $1.58 and a 200-day moving average of $1.20. Brooge Energy has a twelve month low of $0.80 and a twelve month 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.