Brooge Energy Limited (NASDAQ:BROG) Short Interest Up 59.4% in January

Brooge Energy Limited (NASDAQ:BROGGet Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 47,500 shares, a growth of 59.4% from the January 15th total of 29,800 shares. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.4% of the shares of the stock are short sold.

Brooge Energy Stock Performance

Brooge Energy stock opened at $2.87 on Tuesday. The business has a 50 day simple moving average of $3.14 and a 200 day simple moving average of $4.32. Brooge Energy has a one year low of $1.59 and a one year high of $6.26.

Brooge Energy Company Profile

(Get Free Report)

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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