SurgePays, Inc. (NASDAQ:SURGW) Sees Large Increase in Short Interest

SurgePays, Inc. (NASDAQ:SURGW) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 8,100 shares, a growth of 131.4% from the June 15th total of 3,500 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 0.7 days.

SurgePays Price Performance

Shares of NASDAQ SURGW remained flat at $0.19 during midday trading on Friday. 6,553 shares of the stock traded hands, compared to its average volume of 35,365. SurgePays has a 12-month low of $0.14 and a 12-month high of $4.49. The company has a 50-day moving average price of $0.46 and a two-hundred day moving average price of $1.32.

About SurgePays

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.