Kingspan Group plc (OTCMKTS:KGSPY) Sees Large Growth in Short Interest

Kingspan Group plc (OTCMKTS:KGSPY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 600 shares, an increase of 500.0% from the September 15th total of 100 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 0.1 days.

Kingspan Group Trading Down 2.2 %

Shares of OTCMKTS KGSPY traded down $2.00 during trading on Friday, reaching $87.24. 2,105 shares of the stock were exchanged, compared to its average volume of 5,401. The business’s 50-day moving average price is $89.47 and its 200 day moving average price is $91.22. Kingspan Group has a twelve month low of $64.70 and a twelve month high of $99.85.

Kingspan Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 6th will be issued a $0.1686 dividend. The ex-dividend date of this dividend is Friday, September 6th.

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.