Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Sees Large Decrease in Short Interest

Converge Technology Solutions Corp. (OTCMKTS:CTSDF) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,422,400 shares, a decline of 42.4% from the February 13th total of 2,467,500 shares. Based on an average trading volume of 140,900 shares, the days-to-cover ratio is presently 10.1 days.

Converge Technology Solutions Stock Performance

Shares of OTCMKTS CTSDF traded up $0.04 during midday trading on Friday, hitting $3.81. 8,102 shares of the company’s stock were exchanged, compared to its average volume of 91,247. Converge Technology Solutions has a 12 month low of $2.09 and a 12 month high of $4.44. The company’s 50 day moving average price is $3.15 and its 200 day moving average price is $2.91.

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.