Kingspan Group plc (OTCMKTS:KGSPY) Short Interest Update

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 12,504 shares, an increase of 87.6% from the May 31st total of 6,667 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 24,542 shares, the days-to-cover ratio is presently 0.5 days.

Kingspan Group Stock Performance

OTCMKTS KGSPY remained flat at $90.71 during trading on Friday. The company’s stock had a trading volume of 8,221 shares, compared to its average volume of 17,851. The stock has a fifty day moving average price of $92.17 and a 200 day moving average price of $90.06. The firm has a market capitalization of $16.36 billion and a P/E ratio of 160.88. Kingspan Group has a 12 month low of $71.63 and a 12 month high of $103.26.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kingspan Group to a “hold” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.