Brooge Energy Limited (NASDAQ:BROG) Short Interest Down 5.7% in August

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 120,000 shares, a drop of 5.7% from the July 31st total of 127,300 shares. Based on an average trading volume of 41,000 shares, the short-interest ratio is presently 2.9 days. Approximately 0.9% of the company’s stock are sold short.

Brooge Energy Price Performance

BROG opened at $1.08 on Monday. The business has a fifty day moving average price of $0.94 and a 200 day moving average price of $1.37. Brooge Energy has a 12 month low of $0.80 and a 12 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.