Kingspan Group plc (OTCMKTS:KGSPY – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,481 shares, a decrease of 88.6% from the August 15th total of 12,970 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 33,899 shares, the short-interest ratio is currently 0.0 days.
Kingspan Group Price Performance
OTCMKTS:KGSPY traded down $2.45 during trading hours on Thursday, hitting $119.05. 16,883 shares of the stock traded hands, compared to its average volume of 14,418. Kingspan Group has a 1 year low of $71.63 and a 1 year high of $124.91. The stock has a 50 day moving average price of $103.81 and a 200 day moving average price of $95.30.
Analysts Set New Price Targets
Several equities analysts recently weighed in on KGSPY shares. Jefferies Financial Group upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Zacks Research raised Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of “Strong Buy”.
About Kingspan Group
Kingspan Group plc is an Ireland-based building materials company that develops products designed to improve the energy efficiency, performance and sustainability of buildings. Its offerings are used in commercial, industrial, residential and infrastructure projects.
The company’s products include insulated panels, insulation systems, architectural facades, roofing solutions, daylighting and ventilation systems, and water and energy management products. Kingspan also supplies flooring and data center infrastructure solutions, with products serving applications ranging from building envelopes and interior spaces to specialist construction environments.
Founded in 1965, Kingspan has grown from an Irish engineering business into an international manufacturer and supplier.
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