Kingspan Group plc (OTCMKTS:KGSPY – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 12,504 shares, an increase of 87.6% from the May 31st total of 6,667 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 24,542 shares, the days-to-cover ratio is presently 0.5 days.
Kingspan Group Trading Down 3.2%
KGSPY stock traded down $2.89 during midday trading on Wednesday, hitting $88.42. The company’s stock had a trading volume of 1,236 shares, compared to its average volume of 17,967. The firm’s 50-day moving average is $92.31 and its 200-day moving average is $90.04. Kingspan Group has a 12 month low of $71.63 and a 12 month high of $103.26. The company has a market cap of $15.95 billion and a PE ratio of 160.88.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Kingspan Group to a “hold” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.
Kingspan Group Company Profile
Kingspan Group plc is a global leader in high-performance insulation and building envelope solutions. Founded in 1965 and headquartered in Kingscourt, Ireland, the company develops, manufactures and supplies a broad range of products designed to improve building energy efficiency, airtightness and overall sustainability. Kingspan’s core offerings include insulated wall, roof and floor panels, rigid insulation boards, and advanced glazing systems, alongside integrated water and energy management technologies such as rainwater harvesting and solar thermal solutions.
Over the decades, Kingspan has expanded its expertise beyond insulation, adding innovative façade systems, structural framing, and daylighting solutions to its portfolio.
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