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

SurgePays, Inc. (NASDAQ:SURGW) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 98,200 shares, a growth of 170.5% from the September 30th total of 36,300 shares. Based on an average daily volume of 31,300 shares, the days-to-cover ratio is currently 3.1 days.

SurgePays Price Performance

NASDAQ:SURGW opened at $0.01 on Friday. The stock’s 50 day simple moving average is $0.02 and its 200-day simple moving average is $0.27. SurgePays has a 12-month low of $0.00 and a 12-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.