Kingspan Group plc (OTCMKTS:KGSPY) Sees Large Decline in Short Interest

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,961 shares, a decrease of 84.3% from the June 15th total of 12,504 shares. Based on an average daily volume of 35,301 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

Kingspan Group Stock Up 1.4%

OTCMKTS:KGSPY traded up $1.27 during mid-day trading on Friday, hitting $91.23. 29,236 shares of the company traded hands, compared to its average volume of 17,904. The stock’s fifty day moving average price is $91.91 and its 200-day moving average price is $90.15. Kingspan Group has a one year low of $71.63 and a one year high of $103.26. The firm has a market cap of $16.45 billion and a price-to-earnings ratio of 160.88.

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.