Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Sees Significant Increase in Short Interest

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,479,300 shares, an increase 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 Down 2.4 %

Shares of Converge Technology Solutions stock traded down $0.06 on Friday, reaching $2.43. The stock had a trading volume of 29,580 shares, 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 company has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.86.

Converge Technology Solutions Cuts Dividend

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

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.