Short Interest in Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Rises By 107.9%

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,208,600 shares, a growth 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 during trading on Friday, hitting $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 twelve month low of $2.09 and a twelve month high of $4.44. The firm has a 50 day moving average price of $2.41 and a 200 day moving average price of $2.96.

Converge Technology Solutions Cuts Dividend

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