ConvaTec Group PLC (OTCMKTS:CNVVY) Short Interest Up 5,662.5% in July

ConvaTec Group PLC (OTCMKTS:CNVVY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 46,100 shares, a growth of 5,662.5% from the July 15th total of 800 shares. Based on an average daily volume of 29,200 shares, the short-interest ratio is currently 1.6 days.

ConvaTec Group Stock Up 3.2 %

Shares of OTCMKTS:CNVVY opened at $12.19 on Wednesday. ConvaTec Group has a 12 month low of $9.90 and a 12 month high of $15.40. The company has a 50-day moving average price of $12.54 and a 200-day moving average price of $13.02.

ConvaTec Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, August 23rd will be given a dividend of $0.0584 per share. The ex-dividend date is Friday, August 23rd.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group raised ConvaTec Group to a “strong-buy” rating in a research note on Wednesday, June 26th. Berenberg Bank upgraded ConvaTec Group to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Barclays upgraded ConvaTec Group to a “strong-buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

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.