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

ConvaTec Group PLC (OTCMKTS:CNVVY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 30,712 shares, an increase of 232.7% from the July 15th total of 9,230 shares. Based on an average trading volume of 72,847 shares, the short-interest ratio is currently 0.4 days.

ConvaTec Group Stock Performance

Shares of OTCMKTS CNVVY traded down $0.15 during midday trading on Thursday, reaching $12.48. 5,083 shares of the company were exchanged, compared to its average volume of 58,244. ConvaTec Group has a one year low of $10.45 and a one year high of $14.09. The stock’s 50-day moving average price is $11.55 and its 200-day moving average price is $11.90.

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.