Short Interest in ConvaTec Group PLC (OTCMKTS:CNVVY) Increases By 432.0%

ConvaTec Group PLC (OTCMKTS:CNVVY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 9,230 shares, an increase of 432.0% from the June 30th total of 1,735 shares. Based on an average daily trading volume, of 42,117 shares, the days-to-cover ratio is currently 0.2 days.

ConvaTec Group Stock Performance

Shares of OTCMKTS:CNVVY traded up $0.30 during trading on Friday, hitting $11.70. The company’s stock had a trading volume of 16,448 shares, compared to its average volume of 61,639. The business has a 50 day moving average price of $11.16 and a two-hundred day moving average price of $11.96. ConvaTec Group has a fifty-two week low of $10.45 and a fifty-two week high of $14.09.

About ConvaTec Group

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.