Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Expands By 833.3%

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

Kingspan Group Stock Up 0.6 %

Shares of KGSPY traded up $0.50 during midday trading on Friday, reaching $86.46. 4,976 shares of the stock were exchanged, compared to its average volume of 5,311. The firm has a 50 day simple moving average of $89.54 and a 200-day simple moving average of $91.04. Kingspan Group has a 12-month low of $64.70 and a 12-month high of $99.85.

Kingspan Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 6th will be paid a $0.1686 dividend. 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.