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

Surge Energy Inc. (OTCMKTS:ZPTAFGet Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 414,500 shares, a growth 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 presently 3.6 days.

Surge Energy Stock Up 1.1 %

ZPTAF stock opened at $7.08 on Friday. Surge Energy has a fifty-two week low of $4.58 and a fifty-two week high of $10.93. The firm’s 50-day simple moving average is $6.69 and its 200 day simple moving average is $6.87.

Surge Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be issued a $0.0299 dividend. This represents a dividend yield of 5.06%. The ex-dividend date of this dividend is Monday, January 30th. This is a boost from Surge Energy’s previous dividend of $0.03.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZPTAF. Stifel Nicolaus began coverage on shares of Surge Energy in a report on Thursday, January 12th. They set a “buy” rating on the stock. National Bank Financial dropped their price objective on shares of Surge Energy from C$15.00 to C$13.00 in a report on Wednesday, January 11th.

Surge Energy Company Profile

(Get Rating)

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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