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

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 9,632 shares, a growth of 142.4% from the January 15th total of 3,973 shares. Based on an average daily volume of 26,907 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 26,907 shares, the short-interest ratio is presently 0.4 days.

Rexel Price Performance

OTCMKTS RXEEY traded down $1.79 on Friday, hitting $43.63. 23,417 shares of the stock traded hands, compared to its average volume of 13,680. The business’s fifty day moving average is $40.69 and its two-hundred day moving average is $35.93. Rexel has a 12 month low of $21.77 and a 12 month high of $46.38.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RXEEY. Citigroup restated a “buy” rating on shares of Rexel in a research note on Friday, February 6th. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Rexel Company Profile

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.