Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Short Interest Down 20.2% in May

Converge Technology Solutions Corp. (OTCMKTS:CTSDFGet Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 1,170,100 shares, a decline of 20.2% from the May 15th total of 1,465,900 shares. Based on an average trading volume of 28,400 shares, the days-to-cover ratio is presently 41.2 days.

Converge Technology Solutions Stock Performance

CTSDF traded down $0.05 on Monday, reaching $3.55. 49,334 shares of the stock were exchanged, compared to its average volume of 29,486. The company’s 50-day moving average price is $3.82 and its 200 day moving average price is $3.58. Converge Technology Solutions has a fifty-two week low of $1.66 and a fifty-two week high of $4.44.

Converge Technology Solutions Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a $0.011 dividend. This represents a yield of 1.08%. The ex-dividend date was Wednesday, May 22nd. This is a positive change from Converge Technology Solutions’s previous dividend of $0.01.

Converge Technology Solutions Company Profile

(Get Free Report)

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.

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