Surge Energy Inc. (OTCMKTS:ZPTAF) Short Interest Up 28.2% in December

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

Several brokerages have commented on ZPTAF. Stifel Nicolaus began coverage on shares of Surge Energy in a report on Thursday, January 12th. They issued a “buy” rating for the company. National Bank Financial decreased their target price on shares of Surge Energy from C$15.00 to C$13.00 in a report on Wednesday, January 11th.

About Surge Energy

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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.