Kingspan Group plc (OTCMKTS:KGSPY) Short Interest Down 89.7% in March

Kingspan Group plc (OTCMKTS:KGSPY) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 10,300 shares, a decrease of 89.7% from the February 28th total of 100,100 shares. Based on an average trading volume of 139,800 shares, the short-interest ratio is currently 0.1 days.

Kingspan Group Trading Up 1.3 %

Shares of Kingspan Group stock traded up $1.08 on Friday, hitting $84.73. 21,985 shares of the company were exchanged, compared to its average volume of 47,484. The company has a 50-day moving average price of $78.40 and a 200 day moving average price of $80.30. Kingspan Group has a 1-year low of $65.86 and a 1-year high of $99.85.

Kingspan Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, April 11th will be issued a $0.309 dividend. This is a positive change from Kingspan Group’s previous dividend of $0.17. The ex-dividend date of this dividend is Friday, April 11th.

About Kingspan Group

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.