Short Interest in SurgePays, Inc. (NASDAQ:SURGW) Increases By 251.1%

SurgePays, Inc. (NASDAQ:SURGW) was the recipient of a significant growth in short interest during 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 daily volume of 15,500 shares, the short-interest ratio is currently 1.0 days.

SurgePays Price Performance

SURGW stock traded down $0.01 during mid-day trading on Friday, hitting $0.01. 5,539 shares of the company were exchanged, compared to its average volume of 33,631. The firm has a fifty day simple moving average of $0.12 and a 200 day simple moving average of $0.53. SurgePays has a twelve month low of $0.01 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.