Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Sees Large Growth in Short Interest

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,208,600 shares, an increase of 107.9% from the November 30th total of 581,200 shares. Based on an average daily trading volume, of 31,600 shares, the days-to-cover ratio is presently 38.2 days.

Converge Technology Solutions Stock Performance

OTCMKTS CTSDF traded up $0.01 on Friday, reaching $2.26. The stock had a trading volume of 77,656 shares, compared to its average volume of 29,228. Converge Technology Solutions has a 1-year low of $2.09 and a 1-year high of $4.44. The firm has a fifty day moving average of $2.41 and a two-hundred day moving average of $2.96.

Converge Technology Solutions Cuts Dividend

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

Converge Technology Solutions Company Profile

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.