Brooge Energy Limited (NASDAQ:BROG) Short Interest Up 27.4% in June

Brooge Energy Limited (NASDAQ:BROG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 85,100 shares, a growth of 27.4% from the May 31st total of 66,800 shares. Based on an average daily volume of 732,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.6% of the shares of the stock are sold short.

Brooge Energy Stock Performance

Shares of Brooge Energy stock opened at $0.92 on Friday. Brooge Energy has a 52 week low of $0.80 and a 52 week high of $6.66. The stock’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $2.01.

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.