Thu Sep 26 12:53:19 UTC 2024: ## Short Interest in SurgePays (SURGW) Skyrockets 96.2% in September

**New York, NY (MarketBeat News) -** SurgePays, Inc. (NASDAQ:SURGW) saw a dramatic increase in short interest during September, according to data released today. As of September 15th, short interest in the company’s shares totalled 31,000, a 96.2% jump from the 15,800 shares reported on August 31st.

This surge in short interest, which represents the number of shares investors have borrowed and sold, betting on the stock price to fall, could indicate growing bearish sentiment towards SurgePays. The short-interest ratio currently stands at 1.6 days, based on an average daily trading volume of 18,800 shares.

Shares of SurgePays opened at $0.01 on Thursday. The company’s stock has traded between a low of $0.01 and a high of $4.49 over the past year.

While the recent increase in short interest might suggest a negative outlook, investors should monitor the situation closely and analyze the reasons behind the surge to make informed investment decisions.

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