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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a significant 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 volume of 31,600 shares, the days-to-cover ratio is currently 38.2 days.

Converge Technology Solutions Stock Performance

Shares of Converge Technology Solutions stock traded down $0.00 during mid-day trading on Friday, hitting $2.25. The stock had a trading volume of 4,510 shares, compared to its average volume of 29,027. The firm has a 50-day moving average of $2.44 and a two-hundred day moving average of $2.97. 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 disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be given a $0.0108 dividend. The ex-dividend date of this dividend is 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.