Short Interest in Kingspan Group plc (OTCMKTS:KGSPF) Grows By 22.7%

Kingspan Group plc (OTCMKTS:KGSPF) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 153,800 shares, an increase of 22.7% from the March 15th total of 125,300 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 307.6 days.

Kingspan Group Price Performance

Shares of KGSPF stock traded down $0.21 during midday trading on Monday, reaching $78.15. 296 shares of the company traded hands, compared to its average volume of 6,686. Kingspan Group has a 1-year low of $65.61 and a 1-year high of $93.29. The firm’s 50 day simple moving average is $80.90 and its two-hundred day simple moving average is $82.18.

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.