Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Short Interest Up 22.4% in December

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,479,300 shares, an increase of 22.4% from the December 15th total of 1,208,600 shares. Based on an average daily volume of 69,800 shares, the short-interest ratio is presently 21.2 days.

Converge Technology Solutions Price Performance

Shares of OTCMKTS:CTSDF traded down $0.06 during trading on Friday, hitting $2.43. The company had a trading volume of 29,580 shares, compared to its average volume of 25,268. The company has a fifty day simple moving average of $2.40 and a two-hundred day simple moving average of $2.86. Converge Technology Solutions has a one year low of $2.09 and a one year high of $4.44.

Converge Technology Solutions Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.0108 per share. This represents a 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.