Rexel S.A. (OTCMKTS:RXEEY) Sees Large Drop in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 3,353 shares, a decrease of 71.7% from the August 31st total of 11,835 shares. Based on an average daily trading volume, of 26,348 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Rexel Price Performance

Shares of Rexel stock opened at $42.49 on Friday. Rexel has a 1 year low of $32.07 and a 1 year high of $47.13. The company’s fifty day moving average is $42.31 and its two-hundred day moving average is $42.15.

Rexel Company Profile

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.