ConvaTec Group PLC (OTCMKTS:CNVVY) Short Interest Down 67.6% in June

ConvaTec Group PLC (OTCMKTS:CNVVY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 90,400 shares, a decline of 67.6% from the June 15th total of 278,900 shares. Based on an average daily volume of 109,500 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of ConvaTec Group to a “strong-buy” rating in a report on Wednesday, June 26th.

ConvaTec Group Stock Up 1.0 %

CNVVY traded up $0.12 during midday trading on Friday, reaching $12.83. The company had a trading volume of 5,209 shares, compared to its average volume of 35,128. ConvaTec Group has a 12-month low of $9.90 and a 12-month high of $15.40. The business has a 50-day moving average price of $12.76 and a two-hundred day moving average price of $12.99.

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.