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

ConvaTec Group PLC (OTCMKTS:CNVVY) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 455 shares, a drop of 83.8% from the April 15th total of 2,801 shares. Based on an average daily volume of 31,619 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised ConvaTec Group to a “strong-buy” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

ConvaTec Group Trading Down 1.5%

Shares of ConvaTec Group stock opened at $11.02 on Tuesday. ConvaTec Group has a fifty-two week low of $10.95 and a fifty-two week high of $16.65. The stock has a 50 day moving average of $12.21 and a 200 day moving average of $12.52.

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.