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

ConvaTec Group PLC (OTCMKTS:CNVVY) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 15,900 shares, a growth of 60.6% from the January 31st total of 9,900 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 1.4 days.

ConvaTec Group Stock Up 4.8 %

Shares of CNVVY stock traded up $0.63 during trading hours on Tuesday, reaching $13.71. 5,639 shares of the company’s stock were exchanged, compared to its average volume of 16,338. ConvaTec Group has a fifty-two week low of $10.77 and a fifty-two week high of $15.40. The business has a fifty day moving average price of $11.99 and a 200-day moving average price of $11.94.

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.