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

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 3,973 shares, an increase of 160.5% from the December 31st total of 1,525 shares. Based on an average trading volume of 22,839 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 22,839 shares, the days-to-cover ratio is presently 0.2 days.

Rexel Price Performance

OTCMKTS RXEEY opened at $42.90 on Friday. The company has a 50 day simple moving average of $39.31 and a 200-day simple moving average of $35.01. Rexel has a 52-week low of $21.77 and a 52-week high of $43.19.

Wall Street Analyst Weigh In

RXEEY has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a research note on Monday, December 8th. Citigroup restated a “buy” rating on shares of Rexel in a report on Wednesday, October 29th. Finally, Jefferies Financial Group started coverage on shares of Rexel in a research report on Sunday, October 12th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Rexel

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.