Kingspan Group plc (OTCMKTS:KGSPF) Sees Large Drop in Short Interest

Kingspan Group plc (OTCMKTS:KGSPF) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 28,000 shares, a decline of 9.4% from the May 31st total of 30,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 280.0 days.

Kingspan Group Price Performance

OTCMKTS KGSPF remained flat at $96.75 during trading hours on Tuesday. The company’s 50 day moving average is $95.45 and its two-hundred day moving average is $84.79. Kingspan Group has a one year low of $91.73 and a one year high of $97.00.

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.