ConvaTec Group PLC (OTCMKTS:CNVVY) Sees Significant Decline in Short Interest

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

ConvaTec Group Trading Down 0.2 %

OTCMKTS:CNVVY opened at $13.40 on Tuesday. The company’s fifty day moving average price is $12.94 and its 200-day moving average price is $12.13. ConvaTec Group has a 1-year low of $10.77 and a 1-year high of $15.40.

ConvaTec Group Increases Dividend

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