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

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

Converge Technology Solutions Trading Down 1.0 %

OTCMKTS CTSDF traded down $0.04 during trading hours on Tuesday, reaching $3.91. 15,735 shares of the company traded hands, compared to its average volume of 29,439. Converge Technology Solutions has a 12 month low of $1.66 and a 12 month high of $4.44. The company has a 50 day moving average of $4.01 and a two-hundred day moving average of $3.26.

Converge Technology Solutions Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were given a $0.0074 dividend. This is an increase from Converge Technology Solutions’s previous dividend of $0.01. This represents a dividend yield of 0.77%. 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.