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

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

Analysts Set New Price Targets

Separately, Berenberg Bank raised ConvaTec Group to a “strong-buy” rating in a report on Tuesday, August 6th.

ConvaTec Group Stock Performance

Shares of ConvaTec Group stock opened at $12.18 on Friday. The business has a fifty day simple moving average of $11.77 and a 200-day simple moving average of $12.28. ConvaTec Group has a fifty-two week low of $10.88 and a fifty-two week high of $15.40.

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.