Kingspan Group plc (OTCMKTS:KGSPF) Sees Significant Drop in Short Interest

Kingspan Group plc (OTCMKTS:KGSPF) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 81,400 shares, a decrease of 16.5% from the January 15th total of 97,500 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 814.0 days.

Kingspan Group Stock Performance

OTCMKTS:KGSPF traded up $5.68 during midday trading on Monday, reaching $71.29. The stock had a trading volume of 9,042 shares, compared to its average volume of 4,571. Kingspan Group has a 1-year low of $65.61 and a 1-year high of $72.36. The firm’s fifty day simple moving average is $79.87 and its 200-day simple moving average is $84.59.

Kingspan Group Company Profile

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.