ConvaTec Group PLC (OTCMKTS:CNVVY) Short Interest Update

ConvaTec Group PLC (OTCMKTS:CNVVY) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a drop of 84.9% from the March 15th total of 9,300 shares. Based on an average daily trading volume, of 16,400 shares, the short-interest ratio is currently 0.1 days.

ConvaTec Group Price Performance

Shares of CNVVY traded up $0.63 during trading hours on Wednesday, reaching $14.21. 2,299 shares of the company traded hands, compared to its average volume of 26,922. The business has a fifty day moving average price of $13.22 and a 200-day moving average price of $12.25. ConvaTec Group has a 12-month low of $10.77 and a 12-month high of $14.50.

ConvaTec Group Increases Dividend

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

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.