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

Kingspan Group plc (OTCMKTS:KGSPY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 11,700 shares, a growth of 11,600.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 38,200 shares, the days-to-cover ratio is currently 0.3 days.

Kingspan Group Price Performance

Shares of KGSPY opened at $66.78 on Tuesday. The business’s 50 day moving average price is $75.08 and its 200-day moving average price is $84.61. Kingspan Group has a 52 week low of $65.86 and a 52 week high of $99.85.

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.