SurgePays, Inc. (NASDAQ:SURGW) Short Interest Up 48.0% in May

SurgePays, Inc. (NASDAQ:SURGW) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,700 shares, an increase of 48.0% from the May 15th total of 2,500 shares. Based on an average trading volume of 20,600 shares, the days-to-cover ratio is presently 0.2 days.

SurgePays Stock Performance

Shares of NASDAQ:SURGW remained flat at $0.51 during trading hours on Friday. 11,939 shares of the stock traded hands, compared to its average volume of 38,919. The company’s 50 day moving average is $0.59 and its two-hundred day moving average is $1.49. SurgePays has a twelve month low of $0.31 and a twelve month high of $4.49.

SurgePays Company Profile

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.