Kier Group plc (OTCMKTS:KIERF) Short Interest Up 60.1% in August

Kier Group plc (OTCMKTS:KIERF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 36,721 shares, an increase of 60.1% from the August 15th total of 22,934 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Kier Group Price Performance

Shares of KIERF stock remained flat at $4.13 on Thursday. 6,053 shares of the stock traded hands, compared to its average volume of 267. Kier Group has a 12-month low of $3.68 and a 12-month high of $4.13. The business has a 50 day moving average price of $3.00 and a 200 day moving average price of $2.84.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kier Group in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Kier Group

Kier Group plc is a United Kingdom–based construction and infrastructure services company with a history dating back to its founding in 1928. The company operates through three core divisions—Construction, Services, and Developments—offering a broad range of capabilities across building, civil engineering, facilities management, and property development. Kier’s services span from large-scale public-sector projects such as schools, hospitals, and transportation infrastructure to private-sector commercial and residential developments.

In its Construction arm, Kier provides design, project management and build services for sectors including education, healthcare, energy, and defence.