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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a significant increase in short interest in 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 Trading Up 0.5 %

Shares of CTSDF stock traded up $0.01 on Friday, hitting $2.26. 77,656 shares of the stock traded hands, 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’s 50-day moving average price is $2.41 and its two-hundred day moving average price is $2.96.

Converge Technology Solutions Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were paid a $0.0108 dividend. 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.