SurgePays, Inc. (NASDAQ:SURGW) Short Interest Update

SurgePays, Inc. (NASDAQ:SURGW) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 5,000 shares, a drop of 38.3% from the June 30th total of 8,100 shares. Based on an average daily trading volume, of 10,500 shares, the days-to-cover ratio is presently 0.5 days.

SurgePays Stock Down 4.8 %

SurgePays stock traded down $0.01 during mid-day trading on Friday, reaching $0.20. The company’s stock had a trading volume of 47,636 shares, compared to its average volume of 34,434. The business’s 50 day simple moving average is $0.36 and its 200 day simple moving average is $1.18. SurgePays has a 12 month low of $0.13 and a 12 month high of $4.49.

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.