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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,479,300 shares, a growth of 22.4% from the December 15th total of 1,208,600 shares. Based on an average daily 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 midday trading on Friday, reaching $2.43. 29,580 shares of the stock traded hands, compared to its average volume of 25,268. Converge Technology Solutions has a 12 month low of $2.09 and a 12 month high of $4.44. The stock’s fifty day moving average is $2.40 and its 200-day moving average is $2.86.

Converge Technology Solutions Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were issued a $0.0108 dividend. This represents a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, December 10th.

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.