ConvaTec Group PLC (OTCMKTS:CNVVY – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 21,462 shares, an increase of 666.8% from the May 14th total of 2,799 shares. Based on an average daily trading volume, of 133,992 shares, the days-to-cover ratio is presently 0.2 days.
ConvaTec Group Trading Down 0.2%
ConvaTec Group stock opened at $10.80 on Friday. The firm’s 50 day moving average price is $11.50 and its two-hundred day moving average price is $12.23. ConvaTec Group has a twelve month low of $10.45 and a twelve month high of $16.65.
About ConvaTec Group
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.
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