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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) was the target of a large 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 short-interest ratio is presently 39.0 days.

Converge Technology Solutions Stock Down 2.2 %

Shares of CTSDF stock traded down $0.09 during trading on Tuesday, reaching $3.95. The company had a trading volume of 24,242 shares, compared to its average volume of 29,609. The firm’s 50 day simple moving average is $4.01 and its two-hundred day simple moving average is $3.26. Converge Technology Solutions has a one year low of $1.66 and a one year high of $4.44.

Converge Technology Solutions Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were paid a $0.0074 dividend. This represents a dividend yield of 0.77%. This is a boost from Converge Technology Solutions’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, March 11th.

Converge Technology Solutions Company Profile

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.