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

Kingspan Group plc (OTCMKTS:KGSPY) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 5,600 shares, an increase of 833.3% from the September 30th total of 600 shares. Based on an average trading volume of 6,900 shares, the short-interest ratio is presently 0.8 days.

Kingspan Group Trading Up 0.6 %

KGSPY traded up $0.49 on Friday, reaching $86.46. The company had a trading volume of 4,976 shares, compared to its average volume of 5,311. Kingspan Group has a 52-week low of $64.70 and a 52-week high of $99.85. The business has a 50 day simple moving average of $89.47 and a 200 day simple moving average of $91.00.

Kingspan Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.1686 per share. The ex-dividend date of this dividend is Friday, September 6th.

Kingspan Group Company Profile

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.