Kier Group plc (OTCMKTS:KIERF) Sees Significant Drop in Short Interest

Kier Group plc (OTCMKTS:KIERF) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 6,700 shares, a decrease of 9.5% from the October 31st total of 7,400 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 33.5 days.

Kier Group Price Performance

Shares of Kier Group stock remained flat at $1.85 during trading on Monday. The business’s 50 day moving average is $2.13 and its two-hundred day moving average is $1.87. Kier Group has a 12-month low of $1.60 and a 12-month high of $2.35.

About Kier Group

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, and tunnels; and buildings for public and private sectors, including schools, hospitals, leisure centres, and prisons.