Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Decreases By 60.0%

Kingspan Group plc (OTCMKTS:KGSPY) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 400 shares, a drop of 60.0% from the October 31st total of 1,000 shares. Based on an average daily trading volume, of 17,000 shares, the days-to-cover ratio is presently 0.0 days.

Kingspan Group Price Performance

Shares of OTCMKTS KGSPY traded up $1.35 during midday trading on Friday, hitting $75.34. 2,914 shares of the company’s stock were exchanged, compared to its average volume of 5,637. Kingspan Group has a twelve month low of $73.16 and a twelve month high of $99.85. The firm’s fifty day simple moving average is $85.90 and its 200-day simple moving average is $89.27.

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.