Kingspan Group plc (OTCMKTS:KGSPY – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,481 shares, a decline of 88.6% from the August 15th total of 12,970 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 33,899 shares, the short-interest ratio is presently 0.0 days.
Kingspan Group Price Performance
Shares of OTCMKTS:KGSPY traded down $2.45 during trading on Thursday, hitting $119.05. The company’s stock had a trading volume of 16,883 shares, compared to its average volume of 14,418. The company has a 50-day moving average of $103.81 and a 200-day moving average of $95.30. Kingspan Group has a 12 month low of $71.63 and a 12 month high of $124.91.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on KGSPY shares. Jefferies Financial Group upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Zacks Research upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Kingspan Group currently has an average rating of “Strong Buy”.
Kingspan Group Company Profile
Kingspan Group plc is an Ireland-based building materials company that develops products designed to improve the energy efficiency, performance and sustainability of buildings. Its offerings are used in commercial, industrial, residential and infrastructure projects.
The company’s products include insulated panels, insulation systems, architectural facades, roofing solutions, daylighting and ventilation systems, and water and energy management products. Kingspan also supplies flooring and data center infrastructure solutions, with products serving applications ranging from building envelopes and interior spaces to specialist construction environments.
Founded in 1965, Kingspan has grown from an Irish engineering business into an international manufacturer and supplier.
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