Negative sentiment towards SURG reflected by a jump of 53.61% in short interest

Anna Perez

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Surgepays Inc shares valued at $61,647 were purchased by May David Allen on Dec 10 ’25. At $1.60 per share, May David Allen acquired 38,422 shares. The insider’s holdings grew to 158,116 shares worth approximately $0.28 million following the completion of this transaction.

Also, Evers Anthony George purchased 175,966 shares, netting a total of over 299,142 in proceeds.

Before that, May David Allen had sold 63,000 shares from its account. In a trade valued at $177,282, the Director traded Surgepays Inc shares for $2.81 each. Upon closing the transaction, the insider’s holdings decreased to 63,000 shares, worth approximately $0.22 million.

As published in a research note from Maxim Group on March 13, 2024, Surgepays Inc [SURG] has been rated down from a Buy to a Hold.

Analyzing SURG Stock Performance

On last trading session, Surgepays Inc [NASDAQ: SURG] plunged -2.70% to $1.8. The stock’s lowest price that day was $1.73, but it reached a high of $1.9484 in the same session. During the last five days, there has been a surge of approximately 11.11%. Over the course of the year, Surgepays Inc shares have jumped approximately 1.69%. Shares of the company reached a 52-week high of $3.4700 on 04/25/25 and a 52-week low of $1.0486 on 03/04/25.

Support And Resistance Levels for Surgepays Inc (SURG)

According to the 24-hour chart, there is a support level at 1.7039, which, if violated, would cause prices to drop to 1.6077. In the upper region, resistance lies at 1.9223. The next price resistance is at 2.0445. RSI (Relative Strength Index) is 48.11 on the 14-day chart, showing neutral technical sentiment.

Is Surgepays Inc subject to short interest?

Stocks of Surgepays Inc saw a sharp rise in short interest on 2025-11-28 jumping by 0.12 million shares to 0.22 million. Data from Yahoo Finance shows that the short interest on 2025-10-31 was 0.1 million shares. A jump of 53.61% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.72 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.72.

Which companies own the most shares of Surgepays Inc (SURG)?

In terms of Surgepays Inc share price expectations, FactSet research, analysts set an average price target of 10 in the next 12 months, up nearly 440.54% from the previous closing price of $1.85. Analysts anticipate Surgepays Inc stock to reach 10 by 2025, with the lowest price target being 10. In spite of this, 2 analysts ranked Surgepays Inc stock as Buy at the end of 2025.

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