The gauge will need current flow to raise up -- make sure you have 12 volts to the gauge and that is has a good ground also // if that's present you may have a faulty connection tot he sender or a bad sender.
Sender resistance will change with position and can be measured from inside the boat on ohms with 12 v power off -- down-resistance of 10 Ohms and an up-resistance of 167 Ohms.
As the resistance decrease current increases and the gauge needle rises when operating properly