Short Interest in ConvaTec Group PLC (OTCMKTS:CNVVY) Grows By 58.3%

ConvaTec Group PLC (OTCMKTS:CNVVY) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 18,200 shares, agrowthof58.3% from the July 31st total of 11,500 shares. Based on an average trading volume of 41,400 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 41,400 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised ConvaTec Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st.

ConvaTec Group Stock Performance

OTCMKTS:CNVVY traded up $0.07 during mid-day trading on Monday, hitting $13.03. 11,269 shares of the stock traded hands, compared to its average volume of 44,282. The firm’s 50 day moving average is $13.26 and its two-hundred day moving average is $13.94. ConvaTec Group has a 52 week low of $10.77 and a 52 week high of $16.65.

ConvaTec Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, August 25th will be given a $0.0596 dividend. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 176.0%.

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.