Short Interest in Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Rises By 19.1%

Posted by Jeff Wilder on Oct 30th, 2024

Converge Technology Solutions Corp. (OTCMKTS:CTSDF – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 328,000 shares, a growth of 19.1% from the September 30th total of 275,300 shares. Based on an average trading volume of 15,300 shares, the short-interest ratio is presently 21.4 days.

Converge Technology Solutions Stock Performance

CTSDF traded down $0.07 during trading hours on Wednesday, hitting $2.20. 23,871 shares of the company’s stock were exchanged, compared to its average volume of 27,612. The stock’s 50-day moving average is $3.25 and its two-hundred day moving average is $3.39. Converge Technology Solutions has a 1-year low of $1.93 and a 1-year high of $4.44.

Converge Technology Solutions Cuts Dividend

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

Converge Technology Solutions Company Profile

(Get Free Report)

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.