Short Interest in Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Grows By 18.2%

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,225,300 shares, an increase of 18.2% from the March 31st total of 1,036,400 shares. Based on an average daily volume of 31,400 shares, the days-to-cover ratio is presently 39.0 days.

Converge Technology Solutions Stock Performance

Shares of Converge Technology Solutions stock traded down $0.09 on Tuesday, hitting $3.95. The company had a trading volume of 24,242 shares, compared to its average volume of 29,609. The stock has a 50 day moving average of $4.01 and a 200-day moving average of $3.26. Converge Technology Solutions has a 1 year low of $1.66 and a 1 year high of $4.44.

Converge Technology Solutions Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were issued a dividend of $0.0074 per share. This represents a yield of 0.77%. The ex-dividend date was Monday, March 11th. This is an increase from Converge Technology Solutions’s previous dividend of $0.01.

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.