Kingspan Group plc (OTCMKTS:KGSPY) Stock Short Interest Report for October

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a significant increase in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 25,899 shares, the days-to-cover ratio is currently 0.5 days.

Kingspan Group Stock Performance

Kingspan Group stock traded up $3.00 during trading hours on Monday, hitting $102.92. 27,892 shares of the stock traded hands, compared to its average volume of 19,625. Kingspan Group has a one year low of $71.63 and a one year high of $124.91. The firm’s 50-day moving average price is $113.94 and its two-hundred day moving average price is $96.96.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Kingspan Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Jefferies Financial Group raised Kingspan Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock 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.