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

ConvaTec Group PLC (OTCMKTS:CNVVY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,799 shares, an increase 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 Stock Performance

Shares of OTCMKTS CNVVY traded up $0.41 during midday trading on Friday, hitting $11.05. 5,907 shares of the company’s stock were exchanged, compared to its average volume of 74,750. The stock’s 50 day moving average price is $11.73 and its 200-day moving average price is $12.35. ConvaTec Group has a twelve month low of $10.56 and a twelve month high of $16.65.

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.