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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 1,534,600 shares, a growth of 41.0% from the July 31st total of 1,088,500 shares. Based on an average daily volume of 41,100 shares, the short-interest ratio is currently 37.3 days.

Converge Technology Solutions Stock Performance

Shares of OTCMKTS:CTSDF remained flat at $3.43 during midday trading on Friday. The stock had a trading volume of 108 shares, compared to its average volume of 28,909. The stock’s fifty day simple moving average is $3.17 and its two-hundred day simple moving average is $3.61. Converge Technology Solutions has a 52 week low of $1.66 and a 52 week high of $4.44.

Converge Technology Solutions Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 28th will be given a $0.0109 dividend. This represents a yield of 1.28%. The ex-dividend date of this dividend is 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.