Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Decreases By 77.2%

Kingspan Group plc (OTCMKTS:KGSPY) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 544 shares, a drop of 77.2% from the July 15th total of 2,385 shares. Based on an average daily trading volume, of 32,965 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Kingspan Group to a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Kingspan Group Stock Performance

Shares of OTCMKTS KGSPY traded down $0.83 during mid-day trading on Thursday, reaching $118.63. 10,171 shares of the company were exchanged, compared to its average volume of 17,903. The company’s 50-day simple moving average is $94.02 and its 200-day simple moving average is $91.52. Kingspan Group has a twelve month low of $71.63 and a twelve month high of $120.08.

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.