Kingspan Group plc (OTCMKTS:KGSPY) Stock Short Interest Climbs 1,969.7%

Kingspan Group plc (OTCMKTS:KGSPY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,735 shares, an increase of 1,969.7% from the September 30th total of 567 shares. Based on an average daily volume of 25,899 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Kingspan Group Trading Up 3.0%

OTCMKTS:KGSPY traded up $3.00 during midday trading on Monday, reaching $102.92. 27,892 shares of the stock traded hands, compared to its average volume of 19,625. Kingspan Group has a 12-month low of $71.63 and a 12-month high of $124.91. The business has a 50-day moving average of $113.94 and a two-hundred day moving average of $96.96.

Analysts Set New Price Targets

KGSPY has been the topic of several research reports. Jefferies Financial Group raised Kingspan Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Zacks Research downgraded shares of Kingspan Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Kingspan Group Company Profile

Kingspan Group plc is an Ireland-based building materials company that develops products and systems designed to improve the energy efficiency, performance and sustainability of buildings. Its offerings are used in commercial, industrial, residential and infrastructure construction projects.

The company’s products include insulated panels for walls and roofs, insulation boards, building envelope systems, daylighting and ventilation solutions, raised access floors, and water and energy management systems.