Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Short Interest Down 34.2% in March

Converge Technology Solutions Corp. (OTCMKTS:CTSDFGet Rating) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 491,800 shares, a decline of 34.2% from the March 15th total of 747,800 shares. Based on an average daily volume of 22,700 shares, the short-interest ratio is presently 21.7 days.

Shares of OTCMKTS CTSDF opened at $7.25 on Friday. The company’s 50 day simple moving average is $7.80 and its 200 day simple moving average is $8.20. Converge Technology Solutions has a fifty-two week low of $3.00 and a fifty-two week high of $10.66.

Several research firms have issued reports on CTSDF. TD Securities decreased their price target on shares of Converge Technology Solutions from C$13.00 to C$12.00 in a research report on Friday, March 25th. Scotiabank boosted their price target on shares of Converge Technology Solutions from C$13.00 to C$14.00 in a report on Tuesday, January 11th. Canaccord Genuity Group boosted their price target on shares of Converge Technology Solutions from C$14.00 to C$14.50 in a report on Monday, April 4th. Finally, Desjardins lifted their price objective on shares of Converge Technology Solutions from C$13.75 to C$14.25 in a research note on Wednesday, January 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $13.38.

About Converge Technology Solutions (Get Rating)

Converge Technology Solutions Corp. engages in combining accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The company was founded on November 29, 2016 and is headquartered in Vancouver, Canada.

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