Short Interest in ConvaTec Group PLC (OTCMKTS:CNVVY) Rises By 515.2%

ConvaTec Group PLC (OTCMKTS:CNVVY) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 2,799 shares, a growth of 515.2% from the April 30th total of 455 shares. Based on an average daily volume of 48,205 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised ConvaTec Group to a “strong-buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, ConvaTec Group presently has a consensus rating of “Strong Buy”.

ConvaTec Group Trading Down 2.1%

OTCMKTS:CNVVY traded down $0.23 during trading hours on Thursday, reaching $10.67. The company’s stock had a trading volume of 6,407 shares, compared to its average volume of 74,490. ConvaTec Group has a one year low of $10.56 and a one year high of $16.65. The business’s 50-day moving average is $11.77 and its 200-day moving average is $12.36.

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.