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

Brooge Energy Limited (NASDAQ:BROG) was the recipient of a large growth in short interest during 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. Based on an average trading volume of 684,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.3% of the company’s stock are sold short.

Brooge Energy Stock Down 3.1 %

BROG opened at $1.10 on Friday. The company has a 50 day moving average of $2.03 and a 200 day moving average of $3.25. Brooge Energy has a 12 month low of $1.02 and a 12 month high of $6.66.

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.