Short Interest in ConvaTec Group PLC (OTCMKTS:CNVVY) Rises By 85.7%

ConvaTec Group PLC (OTCMKTS:CNVVY) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,300 shares, an increase of 85.7% from the October 31st total of 700 shares. Based on an average daily volume of 28,500 shares, the days-to-cover ratio is presently 0.0 days.

ConvaTec Group Price Performance

Shares of ConvaTec Group stock traded down $0.01 during trading on Thursday, hitting $11.99. The stock had a trading volume of 10,110 shares, compared to its average volume of 23,735. ConvaTec Group has a 12 month low of $10.88 and a 12 month high of $15.40. The firm’s fifty day simple moving average is $11.77 and its 200-day simple moving average is $12.28.

Analysts Set New Price Targets

A number of research firms recently commented on CNVVY. Barclays upgraded ConvaTec Group to a “strong-buy” rating in a research report on Wednesday, July 31st. Berenberg Bank raised shares of ConvaTec Group to a “strong-buy” rating in a research note on Tuesday, August 6th.

ConvaTec Group Company Profile

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.