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

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 11,835 shares, a growth of 138.1% from the August 15th total of 4,971 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Rexel Stock Performance

RXEEY stock opened at $42.93 on Monday. Rexel has a fifty-two week low of $31.14 and a fifty-two week high of $47.13. The business’s 50 day moving average price is $42.69 and its two-hundred day moving average price is $42.14.

Wall Street Analysts Forecast Growth

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

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.