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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,467,500 shares, a growth of 93.2% from the January 31st total of 1,277,300 shares. Based on an average daily volume of 211,100 shares, the days-to-cover ratio is currently 11.7 days.

Converge Technology Solutions Stock Performance

Shares of Converge Technology Solutions stock remained flat at $3.75 during trading hours on Friday. 54,295 shares of the company’s stock were exchanged, compared to its average volume of 63,998. Converge Technology Solutions has a 12-month low of $2.09 and a 12-month high of $4.44. The business has a 50 day simple moving average of $2.85 and a two-hundred day simple moving average of $2.88.

Converge Technology Solutions Cuts Dividend

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