Brooge Energy Limited (NASDAQ:BROG) Short Interest Down 33.8% in March

Brooge Energy Limited (NASDAQ:BROG) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 30,200 shares, a decrease of 33.8% from the March 15th total of 45,600 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 48,200 shares, the days-to-cover ratio is presently 0.6 days.

Brooge Energy Stock Performance

NASDAQ BROG traded up $0.06 during trading hours on Thursday, hitting $1.21. 3,269 shares of the company’s stock were exchanged, compared to its average volume of 48,963. The business’s 50 day moving average is $1.23 and its 200-day moving average is $1.36. Brooge Energy has a 12-month low of $0.80 and a 12-month high of $2.14.

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.