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

Rexel S.A. (OTCMKTS:RXEEY) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 11,835 shares, a growth of 138.1% from the August 15th total of 4,971 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research note on Monday, June 29th. Zacks Research raised Rexel to a “hold” rating in a report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Rexel Stock Performance

Shares of Rexel stock opened at $42.93 on Monday. The stock’s 50-day simple moving average is $42.69 and its 200-day simple moving average is $42.14. Rexel has a 52 week low of $31.14 and a 52 week high of $47.13.

About Rexel

Rexel is a France-based distributor of electrical products and services for professional customers. The company supplies equipment used in residential, commercial and industrial construction, renovation, maintenance and infrastructure projects. Its offerings include electrical installation products, cables, lighting, safety equipment, automation and control systems, tools, and energy-management solutions.

Rexel also supports the transition toward electrification through products and services related to energy efficiency, renewable energy, electric-vehicle charging, building management and distributed power systems.