Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Short Interest Up 22.4% in January

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,479,300 shares, an increase of 22.4% from the December 31st total of 1,208,600 shares. Based on an average trading volume of 69,800 shares, the short-interest ratio is currently 21.2 days.

Converge Technology Solutions Stock Performance

CTSDF stock opened at $2.47 on Friday. The firm’s 50-day moving average price is $2.40 and its two-hundred day moving average price is $2.82. Converge Technology Solutions has a 12-month low of $2.09 and a 12-month high of $4.44.

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 given a dividend of $0.0108 per share. 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.