Kingspan Group plc (OTCMKTS:KGSPY) Sees Significant Increase in Short Interest

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 30,809 shares, a growth of 907.2% from the February 26th total of 3,059 shares. Based on an average daily trading volume, of 44,069 shares, the short-interest ratio is presently 0.7 days.

Kingspan Group Stock Up 1.3%

Shares of KGSPY opened at $84.90 on Thursday. The stock has a 50 day moving average of $90.34 and a 200 day moving average of $85.21. Kingspan Group has a 12 month low of $71.63 and a 12 month high of $103.26.

About Kingspan Group

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.