Kingspan Group plc (OTCMKTS:KGSPY – Get Free Report) saw a large decline in short interest in 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 stock are short sold. Based on an average trading volume of 33,899 shares, the days-to-cover ratio is presently 0.0 days.
Kingspan Group Stock Up 2.2%
OTCMKTS:KGSPY traded up $2.57 during trading hours on Friday, hitting $121.62. The company had a trading volume of 3,847 shares, compared to its average volume of 17,569. Kingspan Group has a 1 year low of $71.63 and a 1 year high of $124.91. The company has a 50-day moving average of $103.81 and a 200 day moving average of $95.30.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Kingspan Group currently 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.
See Also
- Five stocks we like better than Kingspan Group
- TSMC Revenue Jumps 53% in August, Signaling Strong AI Chip Demand
- This AI ETF Is Missing the Biggest AI Winners
- Could Snowflake’s Big Quarter Be a Sign of More to Come?
- Microsoft’s Azure Reporting Shift Adds Clarity, But the Bull Case Came First
Receive News & Ratings for Kingspan Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingspan Group and related companies with MarketBeat.com's FREE daily email newsletter.
