ConvaTec Group PLC (OTCMKTS:CNVVY – Get Free Report) 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 trading volume of 28,500 shares, the days-to-cover ratio is presently 0.0 days.
ConvaTec Group Stock Performance
Shares of ConvaTec Group stock opened at $12.18 on Friday. The company has a fifty day simple moving average of $11.78 and a 200-day simple moving average of $12.27. ConvaTec Group has a 12-month low of $10.88 and a 12-month high of $15.40.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank raised ConvaTec Group to a “strong-buy” rating in a research report on Tuesday, August 6th.
About ConvaTec Group
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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