Rexel S.A. (OTCMKTS:RXEEY) Sees Significant Growth in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 800 shares, an increase of 300.0% from the February 29th total of 200 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is presently 0.2 days.

Rexel Stock Up 0.8 %

OTCMKTS RXEEY traded up $0.21 during mid-day trading on Wednesday, hitting $27.22. The stock had a trading volume of 2,264 shares, compared to its average volume of 4,254. The firm’s 50 day moving average is $26.45 and its 200 day moving average is $24.69. Rexel has a twelve month low of $19.47 and a twelve month high of $27.97.

About Rexel

Rexel SA, together with its subsidiaries, engages in distribution of low and ultra-low voltage electrical products and services for the residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.