Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Declines By 84.3%

Kingspan Group plc (OTCMKTS:KGSPY) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,961 shares, a decline of 84.3% from the June 15th total of 12,504 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 35,301 shares, the days-to-cover ratio is currently 0.1 days.

Kingspan Group Stock Down 2.8%

KGSPY traded down $2.58 during trading on Monday, hitting $88.65. The company’s stock had a trading volume of 11,573 shares, compared to its average volume of 17,831. The stock has a market capitalization of $15.99 billion and a price-to-earnings ratio of 160.88. The firm’s 50 day moving average price is $91.91 and its two-hundred day moving average price is $90.17. Kingspan Group has a 12 month low of $71.63 and a 12 month high of $103.26.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Kingspan Group to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average 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.