Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Declines By 84.3%

Kingspan Group plc (OTCMKTS:KGSPY) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,961 shares, a drop of 84.3% from the June 15th total of 12,504 shares. Based on an average trading volume of 35,301 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Kingspan Group Trading Up 1.4%

Shares of KGSPY traded up $1.27 on Friday, reaching $91.23. 29,236 shares of the company’s stock traded hands, compared to its average volume of 17,904. The stock’s 50 day simple moving average is $91.91 and its two-hundred day simple moving average is $90.17. The stock has a market cap of $16.45 billion and a PE ratio of 160.88. Kingspan Group has a 52-week low of $71.63 and a 52-week high of $103.26.

Kingspan Group Company Profile

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.