Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 161.7% in July

Rexel S.A. (OTCMKTS:RXEEY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,248 shares, a growth of 161.7% from the June 30th total of 5,827 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 21,850 shares, the days-to-cover ratio is presently 0.7 days.

Rexel Price Performance

Rexel stock opened at $40.82 on Wednesday. The business has a 50 day moving average of $43.12 and a 200-day moving average of $42.18. Rexel has a 1 year low of $29.23 and a 1 year high of $47.13. The company has a market capitalization of $12.12 billion and a P/E ratio of 54.80.

Wall Street Analyst Weigh In

RXEEY has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Rexel in a research report on Monday, June 29th. Zacks Research raised Rexel to a “hold” rating in a report on Tuesday, June 9th. Finally, Jefferies Financial Group upgraded Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock 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.