ConvaTec Group PLC (OTCMKTS:CNVVY – Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 27,900 shares, a drop of 39.5% from the July 31st total of 46,100 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is currently 1.7 days.
ConvaTec Group Price Performance
ConvaTec Group stock traded down $0.19 during mid-day trading on Friday, reaching $12.50. 226,738 shares of the company’s stock traded hands, compared to its average volume of 29,182. ConvaTec Group has a 12-month low of $9.90 and a 12-month high of $15.40. The stock has a 50 day moving average of $12.46 and a two-hundred day moving average of $13.05.
ConvaTec Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, August 23rd will be given a dividend of $0.0584 per share. The ex-dividend date of this dividend is Friday, August 23rd.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on ConvaTec Group
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.
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