ConvaTec Group PLC (OTCMKTS:CNVVY) Sees Large Decrease in Short Interest

ConvaTec Group PLC (OTCMKTS:CNVVY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 610 shares, a decline of 97.2% from the May 31st total of 21,462 shares. Based on an average daily volume of 40,767 shares, the days-to-cover ratio is currently 0.0 days.

ConvaTec Group Price Performance

Shares of ConvaTec Group stock traded up $0.21 during trading hours on Thursday, reaching $11.13. 15,044 shares of the company’s stock were exchanged, compared to its average volume of 67,464. The business has a fifty day moving average of $11.32 and a two-hundred day moving average of $12.13. ConvaTec Group has a 1 year low of $10.45 and a 1 year high of $16.59.

ConvaTec Group Company Profile

ConvaTec Group is a global medical products and technologies company focused on developing therapies and technologies for the management of chronic health conditions. The company’s portfolio spans four core business areas—Advanced Wound Care, Ostomy Care, Continence & Critical Care, and Infusion Devices—which are designed to improve patient outcomes and enhance quality of life for people living with long-term health challenges. ConvaTec’s product range includes proprietary wound dressings, ostomy and continence management systems, and safety-engineered infusion sets.

Headquartered in Reading, United Kingdom, ConvaTec serves customers in over 100 countries through a network of manufacturing, distribution, and customer support operations.