Kier Group plc (OTCMKTS:KIERF) Sees Significant Growth in Short Interest

Kier Group plc (OTCMKTS:KIERF) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 12,500 shares, an increase of 468.2% from the July 15th total of 2,200 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 62.5 days.

Kier Group Price Performance

Shares of KIERF remained flat at $2.35 during trading hours on Monday. The business’s 50-day simple moving average is $1.51 and its 200-day simple moving average is $1.42. Kier Group has a 1 year low of $1.97 and a 1 year high of $2.35.

About Kier Group

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.