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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 619,200 shares, an increase of 88.8% from the October 15th total of 328,000 shares. Based on an average daily volume of 46,400 shares, the days-to-cover ratio is presently 13.3 days.

Converge Technology Solutions Stock Performance

OTCMKTS CTSDF traded down $0.07 during trading on Friday, hitting $2.53. The company’s stock had a trading volume of 57,968 shares, compared to its average volume of 28,438. Converge Technology Solutions has a 52 week low of $2.09 and a 52 week high of $4.44. The firm has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.26.

Converge Technology Solutions Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.0109 per share. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, August 27th.

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.