Short Interest in ConvaTec Group PLC (OTCMKTS:CNVVY) Rises By 515.2%

ConvaTec Group PLC (OTCMKTS:CNVVY) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,799 shares, a growth of 515.2% from the April 30th total of 455 shares. Based on an average daily trading volume, of 48,205 shares, the short-interest ratio is currently 0.1 days.

ConvaTec Group Trading Down 2.1%

Shares of OTCMKTS:CNVVY traded down $0.23 during trading on Thursday, reaching $10.67. 6,407 shares of the company traded hands, compared to its average volume of 74,490. The firm has a fifty day simple moving average of $11.77 and a 200 day simple moving average of $12.36. ConvaTec Group has a 1-year low of $10.56 and a 1-year high of $16.65.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised ConvaTec Group to a “strong-buy” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, ConvaTec Group currently has a consensus rating of “Strong Buy”.

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.