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

ConvaTec Group PLC (OTCMKTS:CNVVY) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,300 shares, an increase of 85.7% from the October 31st total of 700 shares. Based on an average daily trading volume, of 28,500 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of ConvaTec Group to a “strong-buy” rating in a research report on Tuesday, August 6th.

ConvaTec Group Price Performance

CNVVY opened at $12.18 on Friday. The business has a fifty day moving average price of $11.78 and a 200 day moving average price of $12.27. ConvaTec Group has a 12 month low of $10.88 and a 12 month high of $15.40.

About ConvaTec Group

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.