ConvaTec Group PLC (OTCMKTS:CNVVY) Sees Significant Growth in Short Interest

ConvaTec Group PLC (OTCMKTS:CNVVY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,735 shares, an increase of 184.4% from the June 15th total of 610 shares. Based on an average daily trading volume, of 60,450 shares, the short-interest ratio is currently 0.0 days.

ConvaTec Group Stock Down 0.3%

CNVVY stock traded down $0.03 during trading on Monday, reaching $11.41. 24,145 shares of the stock were exchanged, compared to its average volume of 63,473. ConvaTec Group has a twelve month low of $10.45 and a twelve month high of $14.36. The stock has a 50 day simple moving average of $11.11 and a 200-day simple moving average of $12.05.

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.