Brooge Energy Limited (NASDAQ:BROG) Short Interest Down 6.9% in December

Brooge Energy Limited (NASDAQ:BROG) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 57,000 shares, a drop of 6.9% from the December 15th total of 61,200 shares. Based on an average daily trading volume, of 28,300 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the company’s stock are sold short.

Brooge Energy Price Performance

Shares of NASDAQ:BROG traded up $0.01 on Friday, hitting $1.26. 10,163 shares of the company traded hands, compared to its average volume of 30,052. The stock has a 50 day simple moving average of $1.38 and a 200-day simple moving average of $1.31. Brooge Energy has a 52 week low of $0.80 and a 52 week 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.