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

Kingspan Group plc (OTCMKTS:KGSPF) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 46,000 shares, a decrease of 6.1% from the October 15th total of 49,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 460.0 days.

Kingspan Group Price Performance

OTCMKTS:KGSPF opened at $85.16 on Monday. The firm has a fifty day simple moving average of $85.13 and a 200 day simple moving average of $91.55. Kingspan Group has a 1-year low of $85.16 and a 1-year high of $85.16.

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.