Surge Energy Inc. (OTCMKTS:ZPTAF – Get Rating) saw a large increase in short interest in December. As of December 30th, there was short interest totalling 414,500 shares, an increase of 28.2% from the December 15th total of 323,200 shares. Based on an average daily volume of 115,400 shares, the short-interest ratio is currently 3.6 days.
Surge Energy Price Performance
OTCMKTS ZPTAF opened at $7.08 on Friday. The company has a 50 day simple moving average of $6.69 and a 200-day simple moving average of $6.87. Surge Energy has a 52-week low of $4.58 and a 52-week high of $10.93.
Surge Energy Increases Dividend
The business also recently declared a dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be given a $0.0299 dividend. This represents a dividend yield of 5.06%. This is a positive change from Surge Energy’s previous dividend of $0.03. The ex-dividend date is Monday, January 30th.
Analyst Upgrades and Downgrades
About Surge Energy
Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.
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