Kingspan Group plc (OTCMKTS:KGSPY) Short Interest Up 87.6% in June

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a large increase in short interest in 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 company’s shares are sold short. Based on an average daily volume of 24,542 shares, the days-to-cover ratio is currently 0.5 days.

Kingspan Group Trading Up 1.6%

OTCMKTS:KGSPY traded up $1.46 during mid-day trading on Thursday, hitting $90.71. The company had a trading volume of 8,221 shares, compared to its average volume of 17,830. The business has a fifty day simple moving average of $92.20 and a 200-day simple moving average of $90.04. The firm has a market capitalization of $16.36 billion and a price-to-earnings ratio of 160.88. Kingspan Group has a 1 year low of $71.63 and a 1 year high of $103.26.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kingspan Group to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

About Kingspan Group

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.