Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Short Interest Update

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,479,300 shares, a growth of 22.4% from the December 15th total of 1,208,600 shares. Based on an average daily volume of 69,800 shares, the days-to-cover ratio is presently 21.2 days.

Converge Technology Solutions Stock Performance

OTCMKTS CTSDF traded down $0.06 on Friday, hitting $2.43. 29,580 shares of the company’s stock traded hands, compared to its average volume of 25,268. Converge Technology Solutions has a 1-year low of $2.09 and a 1-year high of $4.44. The firm’s 50-day moving average price is $2.40 and its two-hundred day moving average price is $2.86.

Converge Technology Solutions Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were issued a $0.0108 dividend. This represents a yield of 1.85%. The ex-dividend date of this dividend was Tuesday, December 10th.

About Converge Technology Solutions

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.