Kingspan Group plc (OTCMKTS:KGSPY) Stock Short Interest Declines 99.2%

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 97 shares, a decline of 99.2% from the October 15th total of 11,735 shares. Based on an average daily volume of 47,838 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Kingspan Group Price Performance

OTCMKTS KGSPY traded down $0.29 on Tuesday, hitting $107.75. The company had a trading volume of 13,154 shares, compared to its average volume of 30,174. The company’s fifty day moving average price is $111.37 and its 200-day moving average price is $98.21. Kingspan Group has a 12-month low of $73.82 and a 12-month high of $124.91.

About Kingspan Group

Kingspan Group is an Ireland-based building materials company that develops products and systems for building insulation and construction. Its offerings include insulated panels and insulation boards used in commercial, industrial and residential buildings. The company also provides solutions for roofing and waterproofing, daylighting and ventilation, and building flooring and data infrastructure. These products are designed to support energy efficiency and the performance of building envelopes.