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

SurgePays, Inc. (NASDAQ:SURGW) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 15,800 shares, a growth of 251.1% from the August 15th total of 4,500 shares. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is currently 1.0 days.

SurgePays Stock Performance

NASDAQ SURGW remained flat at $0.02 on Thursday. SurgePays has a 12-month low of $0.01 and a 12-month high of $4.49. The business has a 50 day moving average of $0.12 and a two-hundred day moving average of $0.57.

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.