Converge Technology Solutions Corp. (OTCMKTS:CTSDF – Get Free Report) experienced a 7.0% decrease in short interest during the month of March, with a total of 1,044,500 shares in short interest on March 15th. With an average daily trading volume of 70,000 shares, the current short-interest ratio stands at 14.9 days.
On Monday, the stock of Converge Technology Solutions opened at $4.33 and has a range from $1.66 to $4.44 over the past 12 months. The company’s moving averages are currently at $3.69 for the 50-day and $2.97 for the 200-day periods respectively.
In recent news, Converge Technology Solutions increased its dividend payment to shareholders on March 26th from the previous amount of $0.01 to $0.0074, resulting in an increase in yield from 8% to 28%. The ex-dividend date was March 11th and shareholders of record on March 12th received the payment.
Converge Technology Solutions offers software-enabled IT and cloud solutions to clients in various industries across the US and Canada, including advanced analytics, application modernization, cloud services, cybersecurity, digital infrastructure, and digital workplace offerings
