ConvaTec Group PLC (OTCMKTS:CNVVY) Short Interest Up 666.8% in May

ConvaTec Group PLC (OTCMKTS:CNVVY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 21,462 shares, an increase of 666.8% from the May 14th total of 2,799 shares. Based on an average trading volume of 133,992 shares, the short-interest ratio is presently 0.2 days.

ConvaTec Group Price Performance

Shares of CNVVY traded down $0.16 during mid-day trading on Thursday, hitting $10.67. 8,874 shares of the company traded hands, compared to its average volume of 70,236. ConvaTec Group has a one year low of $10.45 and a one year high of $16.65. The business has a 50-day moving average of $11.52 and a 200 day moving average of $12.24.

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.