Kingspan Group plc (OTCMKTS:KGSPY) Stock Short Interest Declines 99.2%

Kingspan Group plc (OTCMKTS:KGSPY) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 97 shares, a decrease of 99.2% from the October 15th total of 11,735 shares. Based on an average daily volume of 47,838 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KGSPY shares. Zacks Research lowered Kingspan Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Jefferies Financial Group upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kingspan Group currently has an average rating of “Buy”.

Kingspan Group Price Performance

Shares of OTCMKTS:KGSPY traded down $0.29 during trading on Tuesday, hitting $107.75. 13,154 shares of the stock traded hands, compared to its average volume of 30,174. The company has a fifty day moving average price of $111.37 and a two-hundred day moving average price of $98.21. Kingspan Group has a 52-week low of $73.82 and a 52-week high of $124.91.

Kingspan Group Company Profile

Kingspan Group is an Ireland-based building materials company that develops products and systems for building insulation and construction. Its offerings include insulated panels and insulation boards used in commercial, industrial and residential buildings. The company also provides solutions for roofing and waterproofing, daylighting and ventilation, and building flooring and data infrastructure. These products are designed to support energy efficiency and the performance of building envelopes.