Brooge Energy Limited (NASDAQ:BROGW – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 21,800 shares, an increase of 28.2% from the November 30th total of 17,000 shares. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is presently 2.0 days.
Institutional Trading of Brooge Energy
A hedge fund recently raised its stake in Brooge Energy stock. Difesa Capital Management LP grew its stake in Brooge Energy Limited (NASDAQ:BROGW – Get Rating) by 80.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 560,390 shares of the company's stock after buying an additional 250,000 shares during the period. Difesa Capital Management LP's holdings in Brooge Energy were worth $151,000 as of its most recent SEC filing.
Get Brooge Energy alerts:Brooge Energy Stock Performance
Shares of Brooge Energy stock traded up $0.18 during midday trading on Monday, hitting $0.20. The company's stock had a trading volume of 2,800 shares, compared to its average volume of 37,938. The stock has a 50-day simple moving average of $0.18 and a 200-day simple moving average of $0.21. Brooge Energy has a 1-year low of $0.05 and a 1-year high of $0.55.
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