Short Interest in Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Grows By 22.4%

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a significant increase in short interest in 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 daily trading volume, of 69,800 shares, the days-to-cover ratio is currently 21.2 days.

Converge Technology Solutions Trading Up 1.2 %

Shares of Converge Technology Solutions stock opened at $2.47 on Friday. 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 simple moving average of $2.40 and a two-hundred day simple moving average of $2.82.

Converge Technology Solutions Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were issued a dividend of $0.0108 per share. The ex-dividend date of this dividend 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.