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

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large growth in short interest in the month of 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 trading volume, of 26,907 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 26,907 shares, the short-interest ratio is presently 0.4 days.

Rexel Stock Up 0.8%

Rexel stock opened at $45.00 on Thursday. Rexel has a fifty-two week low of $21.77 and a fifty-two week high of $45.34. The stock’s 50 day simple moving average is $40.55 and its two-hundred day simple moving average is $35.86.

Wall Street Analysts Forecast Growth

RXEEY has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Rexel in a research note on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Rexel presently 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.