Kingspan Group plc (OTCMKTS:KGSPY) Short Interest Up 2,284.2% in August

Kingspan Group plc (OTCMKTS:KGSPY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 12,970 shares, an increase of 2,284.2% from the July 30th total of 544 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 28,573 shares, the short-interest ratio is presently 0.5 days.

Kingspan Group Trading Up 1.6%

Shares of Kingspan Group stock opened at $119.20 on Wednesday. Kingspan Group has a 12-month low of $71.63 and a 12-month high of $121.05. The business’s 50 day moving average is $97.91 and its 200-day moving average is $93.36.

Wall Street Analysts Forecast Growth

A number of research analysts 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 shares of Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

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.