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

SurgePays, Inc. (NASDAQ:SURGW) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 4,500 shares, a growth of 1,400.0% from the February 29th total of 300 shares. Based on an average daily trading volume, of 59,000 shares, the days-to-cover ratio is currently 0.1 days.

SurgePays Stock Down 9.4 %

Shares of SURGW opened at $0.58 on Thursday. The firm’s 50 day moving average is $2.24 and its 200-day moving average is $1.75. SurgePays has a 12-month low of $0.50 and a 12-month high of $4.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SurgePays stock. Boothbay Fund Management LLC raised its holdings in SurgePays, Inc. (NASDAQ:SURGW) by 78.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,789 shares of the company’s stock after acquiring an additional 62,789 shares during the quarter. Boothbay Fund Management LLC’s holdings in SurgePays were worth $1,044,000 at the end of the most recent quarter.

SurgePays Company Profile

SurgePays, Inc operates as a technology and telecommunications company. It offers mobile broadband services to consumers. The company's fintech platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. The company also provides ShockWave, an end-to-end cloud-based Software as a Service offering an Omnichannel customer relationship management, billing system, and carrier integrations to the telecommunication and broadband industry.