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SurgePays (SURGW) Short Interest Ratio & Short Volume

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SurgePays Short Interest Data

SurgePays (SURGW) has a short interest of 98,200 shares. This marks a 170.52% increase in short interest from the previous month. The short interest ratio (days to cover) is 3.1, indicating that it would take 3.1 days of the average trading volume of 35,452 shares to cover all short positions.

Current Short Interest
98,200 shares
Previous Short Interest
36,300 shares
Change Vs. Previous Month
+170.52%
Dollar Volume Sold Short
$1,473.00
Short Interest Ratio
3.1 Days to Cover
Last Record Date
October 15, 2024
Today's Trading Volume
9,000 shares
Average Trading Volume
35,452 shares
Today's Volume Vs. Average
25%
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SURGW Short Interest Over Time

SURGW Days to Cover Over Time

SURGW Percentage of Float Shorted Over Time

SurgePays Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/15/202498,200 shares $1,473.00 +170.5%N/A3.1 $0.02
9/30/202436,300 shares $584.43 +17.1%N/A1.7 $0.02
9/15/202431,000 shares $189.10 +96.2%N/A1.6 $0.01
8/31/202415,800 shares $605.14 +251.1%N/A1 $0.04
8/15/20244,500 shares $571.50 +181.3%N/A0.3 $0.13
7/31/20241,600 shares $264.16 -68.0%N/A0.2 $0.17
7/15/20245,000 shares $950.00 -38.3%N/A0.5 $0.19
6/30/20248,100 shares $2,174.85 +131.4%N/A0.7 $0.27
6/15/20243,500 shares $1,785.00 -5.4%N/A0.3 $0.51
5/31/20243,700 shares $1,295.74 +48.0%N/A0.2 $0.35
5/15/20242,500 shares $1,950.00 -54.6%N/A0.1 $0.78
4/30/20245,500 shares $3,025.00 +31.0%N/A0.1 $0.55
4/15/20244,200 shares $2,478.00 -37.3%N/A0.1 $0.59
3/31/20246,700 shares $3,886.00 +48.9%N/A0.1 $0.58
3/15/20244,500 shares $3,690.00 +1,400.0%N/A0.1 $0.82
2/29/2024300 shares $897.00 +50.0%N/A0 $2.99
2/15/2024200 shares $806.00 -94.1%N/A0 $4.03
1/31/20243,400 shares $7,786.00 No ChangeN/A0.1 $2.29

SURGW Short Interest - Frequently Asked Questions

What is SurgePays' current short interest?

Short interest is the volume of SurgePays shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 98,200 shares of SURGW short. Learn More on SurgePays' current short interest.

What is a good short interest ratio for SurgePays?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SURGW shares currently have a short interest ratio of 3.0. Learn More on SurgePays's short interest ratio.

Is SurgePays' short interest increasing or decreasing?

SurgePays saw a increase in short interest in October. As of October 15th, there was short interest totaling 98,200 shares, an increase of 170.5% from the previous total of 36,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does SurgePays' short interest compare to its competitors?

Here is how the short interest of companies in the industry of "communication" compare to SurgePays: PLDT Inc. (0.05%), SK Telecom Co., Ltd. (0.18%), Telecom Argentina S.A. (1.04%), T-Mobile US, Inc. (3.13%), Spotify Technology S.A. (5.69%), Chunghwa Telecom Co., Ltd. (0.09%), Warner Bros. Discovery, Inc. (4.27%), Telefónica, S.A. (0.11%), Vodafone Group Public Limited (0.20%), TELUS Co. (2.26%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.14 billion), AppLovin Co. ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper ($2.04 billion), Tractor Supply ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

What does it mean to sell short SurgePays stock?

Short selling SURGW is an investing strategy that aims to generate trading profit from SurgePays as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against SurgePays?

A short squeeze for SurgePays occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SURGW, which in turn drives the price of the stock up even further.

How often is SurgePays' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SURGW, twice per month. The most recent reporting period available is October, 15 2024.




This page (NASDAQ:SURGW) was last updated on 12/22/2024 by MarketBeat.com Staff
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