DPW stock surges 300% on heavy volume after company completes beta test of MonthlyInterest.com

Shares of DPW Holdings Inc.

DPW, +19.77%

are up 330% in premarket trading Monday after the company announced that it completed a beta test of MonthlyInterest.com, a financial technology portal for income-generating investments. The company, which had a market value of just over $2 million as of Friday’s close, expects that the MonthlyInterest product “will be disruptive by providing investors the opportunity to invest directly into companies and technology that will have a global impact, bypassing traditional banking and lending institutions.” DPW’s stock is seeing the heaviest premarket volume among U.S. stocks. Shares have dropped 67% over the past three months, as the S&P 500

SPX, +1.44%

has risen 15%.

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