Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Grows By 87.6%

Kingspan Group plc (OTCMKTS:KGSPY) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 12,504 shares, an increase of 87.6% from the May 31st total of 6,667 shares. Based on an average daily trading volume, of 24,542 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Kingspan Group to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Kingspan Group presently has an average rating of “Hold”.

Kingspan Group Price Performance

Shares of KGSPY traded down $2.89 during trading hours on Wednesday, hitting $88.42. The stock had a trading volume of 1,236 shares, compared to its average volume of 17,967. The firm has a market capitalization of $15.95 billion and a PE ratio of 160.88. Kingspan Group has a 12 month low of $71.63 and a 12 month high of $103.26. The stock has a fifty day moving average price of $92.31 and a 200 day moving average price of $90.04.

Kingspan Group Company Profile

Kingspan Group plc is a global leader in high-performance insulation and building envelope solutions. Founded in 1965 and headquartered in Kingscourt, Ireland, the company develops, manufactures and supplies a broad range of products designed to improve building energy efficiency, airtightness and overall sustainability. Kingspan’s core offerings include insulated wall, roof and floor panels, rigid insulation boards, and advanced glazing systems, alongside integrated water and energy management technologies such as rainwater harvesting and solar thermal solutions.

Over the decades, Kingspan has expanded its expertise beyond insulation, adding innovative façade systems, structural framing, and daylighting solutions to its portfolio.