Brooge Energy Limited (NASDAQ:BROG) Short Interest Up 78.9% in December

Brooge Energy Limited (NASDAQ:BROGGet Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 61,200 shares, an increase of 78.9% from the November 30th total of 34,200 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is currently 2.5 days.

Brooge Energy Stock Performance

Shares of BROG traded up $0.07 during trading hours on Friday, hitting $1.40. The stock had a trading volume of 6,662 shares, compared to its average volume of 211,993. The firm has a 50-day moving average price of $1.50 and a 200 day moving average price of $1.26. Brooge Energy has a fifty-two week low of $0.80 and a fifty-two week high of $6.66.

About Brooge Energy

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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.

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