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

Kingspan Group plc (OTCMKTS:KGSPY) was the target of a large 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 32,965 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Kingspan Group to a “hold” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kingspan Group Trading Down 0.7%

Shares of KGSPY stock traded down $0.83 on Thursday, hitting $118.63. The company’s stock had a trading volume of 10,171 shares, compared to its average volume of 17,903. The stock’s 50 day moving average is $94.02 and its 200-day moving average is $91.52. Kingspan Group has a fifty-two week low of $71.63 and a fifty-two week high of $120.08.

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.