Short Interest in Kingspan Group plc (OTCMKTS:KGSPY) Declines By 82.1%

Kingspan Group plc (OTCMKTS:KGSPY) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 1,000 shares, a decrease of 82.1% from the October 15th total of 5,600 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is presently 0.1 days.

Kingspan Group Stock Performance

Shares of KGSPY traded down $3.01 during mid-day trading on Tuesday, hitting $82.24. 9,706 shares of the company’s stock were exchanged, compared to its average volume of 5,412. The firm has a fifty day moving average of $88.88 and a two-hundred day moving average of $90.83. Kingspan Group has a twelve month low of $68.90 and a twelve month high of $99.85.

Kingspan Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, October 28th. Investors of record on Friday, September 6th were paid a $0.1686 dividend. The ex-dividend date of this dividend was 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.