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

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

Converge Technology Solutions Stock Down 1.3 %

OTCMKTS:CTSDF traded down $0.05 during trading hours on Monday, hitting $3.55. 49,334 shares of the company’s stock traded hands, compared to its average volume of 29,486. Converge Technology Solutions has a twelve month low of $1.66 and a twelve month high of $4.44. The stock’s fifty day moving average price is $3.82 and its two-hundred day moving average price is $3.58.

Converge Technology Solutions Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a $0.011 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a dividend yield of 1.08%. This is an increase from Converge Technology Solutions’s previous dividend of $0.01.

Converge Technology Solutions Company Profile

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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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