ConvaTec Group PLC (OTCMKTS:CNVVY) Short Interest Down 29.5% in March

ConvaTec Group PLC (OTCMKTS:CNVVY) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 9,300 shares, a decline of 29.5% from the February 28th total of 13,200 shares. Based on an average daily volume of 214,600 shares, the days-to-cover ratio is presently 0.0 days.

ConvaTec Group Stock Performance

OTCMKTS:CNVVY traded down $0.33 during midday trading on Friday, hitting $13.42. 10,510 shares of the company traded hands, compared to its average volume of 30,696. The firm’s fifty day moving average is $12.91 and its 200-day moving average is $12.12. ConvaTec Group has a 12-month low of $10.77 and a 12-month high of $15.40.

ConvaTec Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Tuesday, April 22nd will be paid a $0.1847 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from ConvaTec Group’s previous dividend of $0.06.

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.