Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 69.3% in February

Rexel S.A. (OTCMKTS:RXEEY) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 14,539 shares, a growth of 69.3% from the February 12th total of 8,590 shares. Based on an average daily trading volume, of 24,815 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 24,815 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RXEEY shares. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research note on Monday, December 8th. Citigroup reaffirmed a “buy” rating on shares of Rexel in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Rexel Stock Performance

Shares of OTCMKTS RXEEY opened at $37.42 on Friday. Rexel has a twelve month low of $21.77 and a twelve month high of $46.38. The company has a 50 day moving average of $41.78 and a 200 day moving average of $37.47.

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.