Kingspan Group plc (OTCMKTS:KGSPY – Get Free Report) was the target of a large decline in short interest during the month of 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 currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Zacks Research downgraded Kingspan Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Jefferies Financial Group upgraded Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Kingspan Group has an average rating of “Buy”.
Read Our Latest Analysis on Kingspan Group
Kingspan Group Trading Down 0.3%
Shares of OTCMKTS:KGSPY opened at $107.75 on Wednesday. Kingspan Group has a 1-year low of $73.82 and a 1-year high of $124.91. The firm has a fifty day moving average price of $111.37 and a 200 day moving average price of $98.21.
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.
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