Rexel S.A. (OTCMKTS:RXEEY) Short Interest Update

Rexel S.A. (OTCMKTS:RXEEY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,296 shares, a drop of 47.3% from the May 14th total of 4,355 shares. Based on an average daily trading volume, of 30,259 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RXEEY shares. Zacks Research upgraded shares of Rexel to a “hold” rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Rexel presently has an average rating of “Moderate Buy”.

Rexel Trading Up 3.6%

Shares of OTCMKTS RXEEY opened at $43.19 on Tuesday. Rexel has a one year low of $27.94 and a one year high of $47.13. The firm’s 50 day simple moving average is $42.76 and its two-hundred day simple moving average is $41.20.

About Rexel

Rexel is a global distributor specializing in electrical supplies and services for residential, commercial and industrial markets. The company’s product portfolio includes wiring, lighting, automation and control systems, energy management solutions, safety equipment and renewable energy products. Rexel supports its customers with technical expertise, digital tools and value-added services such as inventory management, project management and on-site support.

Headquartered in Paris, France, Rexel operates in more than 25 countries across Europe, North America, Asia-Pacific and Latin America.