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

Surge Energy Inc. (OTCMKTS:ZPTAF – Get 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

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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.