ConvaTec Group PLC (OTCMKTS:CNVVY) Short Interest Update

ConvaTec Group PLC (OTCMKTS:CNVVY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a decline of 99.6% from the August 15th total of 27,900 shares. Based on an average daily volume of 40,200 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

CNVVY has been the subject of several research reports. UBS Group upgraded ConvaTec Group to a “strong-buy” rating in a research note on Wednesday, June 26th. Barclays upgraded shares of ConvaTec Group to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Berenberg Bank upgraded shares of ConvaTec Group to a “strong-buy” rating in a research note on Tuesday, August 6th.

ConvaTec Group Price Performance

Shares of ConvaTec Group stock traded up $0.31 during trading hours on Friday, reaching $12.23. The company had a trading volume of 23,659 shares, compared to its average volume of 29,259. ConvaTec Group has a one year low of $9.90 and a one year high of $15.40. The business has a fifty day simple moving average of $12.45 and a 200 day simple 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 issued a dividend of $0.0584 per share. The ex-dividend date is Friday, August 23rd.

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.