Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Short Interest Up 93.2% in February

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,467,500 shares, an increase of 93.2% from the January 31st total of 1,277,300 shares. Based on an average daily volume of 211,100 shares, the short-interest ratio is presently 11.7 days.

Converge Technology Solutions Price Performance

Shares of OTCMKTS CTSDF remained flat at $3.75 during midday trading on Friday. 54,295 shares of the stock were exchanged, compared to its average volume of 63,998. The business’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $2.88. Converge Technology Solutions has a 1 year low of $2.09 and a 1 year high of $4.44.

Converge Technology Solutions Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.0108 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a dividend 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.