Kingspan Group plc (OTCMKTS:KGSPY) Short Interest Update

Kingspan Group plc (OTCMKTS:KGSPY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,989 shares, an increase of 169.3% from the August 31st total of 1,481 shares. Based on an average daily volume of 31,603 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Kingspan Group Stock Performance

KGSPY stock opened at $112.79 on Tuesday. The firm has a 50 day simple moving average of $109.40 and a 200 day simple moving average of $96.80. Kingspan Group has a 52 week low of $71.63 and a 52 week high of $124.91.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Zacks Research raised 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 data from MarketBeat.com, Kingspan Group has a consensus rating of “Strong Buy”.

About Kingspan Group

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.