Kingspan Group plc (OTCMKTS:KGSPY) Short Interest Up 500.0% in September

by · The Cerbat Gem

Kingspan Group plc (OTCMKTS:KGSPY – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 600 shares, an increase of 500.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is presently 0.1 days.

Kingspan Group Stock Performance

OTCMKTS:KGSPY traded down $0.62 during mid-day trading on Thursday, reaching $89.23. The stock had a trading volume of 1,733 shares, compared to its average volume of 5,418. The stock has a 50-day simple moving average of $89.56 and a two-hundred day simple moving average of $91.24. Kingspan Group has a 12 month low of $64.70 and a 12 month high of $99.85.

Kingspan Group Cuts Dividend

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

About Kingspan Group

(Get Free Report)

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.

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