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

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) saw a large growth in short interest in 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 daily volume of 31,400 shares, the short-interest ratio is presently 39.0 days.

Converge Technology Solutions Price Performance

CTSDF traded down $0.04 during midday trading on Tuesday, hitting $3.91. 15,735 shares of the company were exchanged, compared to its average volume of 29,439. The company’s 50 day simple moving average is $4.01 and its 200 day simple moving average is $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 company also recently announced a dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.0074 per share. This is a positive change from Converge Technology Solutions’s previous dividend of $0.01. This represents a dividend yield of 0.77%. The ex-dividend date was Monday, March 11th.

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.