Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Rises By 2,284.2%

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 12,970 shares, an increase of 2,284.2% from the July 30th total of 544 shares. Based on an average daily volume of 28,573 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

KGSPY has been the subject of several research analyst reports. Zacks Research upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group raised Kingspan Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Kingspan Group Trading Up 0.9%

Kingspan Group stock opened at $120.32 on Thursday. Kingspan Group has a 12-month low of $71.63 and a 12-month high of $121.05. The firm has a 50 day simple moving average of $98.33 and a 200-day simple moving average of $93.55.

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.