Converge Technology Solutions Corp. (OTCMKTS:CTSDF) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 952,900 shares, a growth of 1,931.8% from the September 15th total of 46,900 shares. Based on an average daily volume of 114,200 shares, the short-interest ratio is currently 8.3 days.
Shares of OTCMKTS:CTSDF opened at $7.67 on Thursday. Converge Technology Solutions has a 12-month low of $1.62 and a 12-month high of $10.66. The stock’s 50-day moving average price is $8.82 and its two-hundred day moving average price is $7.34.
CTSDF has been the subject of several research analyst reports. Desjardins increased their price objective on Converge Technology Solutions from C$11.00 to C$13.00 and gave the company a “buy” rating in a report on Friday, August 6th. Canaccord Genuity increased their price target on Converge Technology Solutions from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, July 7th. Finally, Raymond James increased their price objective on Converge Technology Solutions from C$10.75 to C$12.50 and gave the stock an “outperform” rating in a research report on Friday, August 6th.
Converge Technology Solutions Corp. engages in combining accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The company was founded on November 29, 2016 and is headquartered in Vancouver, Canada.
See Also: Bond
Receive News & Ratings for Converge Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Converge Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.