Kingspan Group plc (OTCMKTS:KGSPY) Short Interest Update

Kingspan Group plc (OTCMKTS:KGSPY – Get Rating) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 300 shares, a decrease of 89.7% from the April 30th total of 2,900 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised Kingspan Group from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.14.

Kingspan Group Stock Performance

OTCMKTS KGSPY remained flat at $66.61 on Thursday. The company’s stock had a trading volume of 417 shares, compared to its average volume of 1,641. The stock’s 50 day simple moving average is $66.45 and its two-hundred day simple moving average is $63.20. Kingspan Group has a 1-year low of $42.30 and a 1-year high of $84.20.

Kingspan Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 24th. Shareholders of record on Friday, April 14th were issued a dividend of $0.1671 per share. This represents a yield of 0.5%. This is a positive change from Kingspan Group’s previous dividend of $0.17. The ex-dividend date was Thursday, April 13th.

About Kingspan Group

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Kingspan Group Plc engages in the manufacture of insulation and building envelopes. It operates through the following segments: Insulated Panels; Insulation Boards; Light and Air; Water and Energy; and Data and Flooring Technology The Insulates Panels segment offers in insulated panels, structural framing, and metal facades.