Kingspan Group plc (OTCMKTS:KGSPY – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,989 shares, an increase of 169.3% from the August 31st total of 1,481 shares. Based on an average daily trading volume, of 31,603 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Kingspan Group Price Performance
Kingspan Group stock opened at $111.92 on Friday. The firm has a 50-day moving average of $108.88 and a two-hundred day moving average of $96.58. Kingspan Group has a 1 year low of $71.63 and a 1 year high of $124.91.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on KGSPY shares. Jefferies Financial Group raised Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Zacks Research upgraded 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 currently 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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