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

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

Converge Technology Solutions Price Performance

Converge Technology Solutions stock traded down $0.06 during mid-day trading on Friday, reaching $2.43. 29,580 shares of the company were exchanged, compared to its average volume of 25,268. The company has a fifty day simple moving average of $2.40 and a 200-day simple moving average of $2.86. 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 business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.0108 per share. The ex-dividend date was Tuesday, December 10th. This represents a yield of 1.85%.

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.