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

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

Kingspan Group Trading Down 1.0 %

OTCMKTS KGSPY traded down $0.85 during trading hours on Thursday, hitting $83.65. 6,012 shares of the company were exchanged, compared to its average volume of 47,932. The stock has a 50-day moving average price of $78.11 and a 200 day moving average price of $80.27. Kingspan Group has a 52 week low of $65.86 and a 52 week high of $99.85.

Kingspan Group Increases Dividend

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

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.