Kingspan Group plc (OTCMKTS:KGSPY) Sees Large Increase in Short Interest

Kingspan Group plc (OTCMKTS:KGSPY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 26,300 shares, an increase of 361.4% from the September 15th total of 5,700 shares. Based on an average trading volume of 71,500 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 71,500 shares, the days-to-cover ratio is presently 0.4 days.

Kingspan Group Stock Up 0.4%

OTCMKTS:KGSPY opened at $82.06 on Friday. Kingspan Group has a 1-year low of $65.86 and a 1-year high of $94.26. The company has a 50-day moving average of $81.10 and a 200 day moving average of $83.20.

Kingspan Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 8th will be given a $0.1687 dividend. This represents a dividend yield of 45.0%. The ex-dividend date of this dividend is Friday, September 5th.

About Kingspan Group

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally. It operates through five segments: Insulated Panels, Insulation, Roofing + Waterproofing, Light, Air + Water, and Data + Flooring.