Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 11,840 shares, a drop of 18.6% from the February 26th total of 14,539 shares. Based on an average daily volume of 41,282 shares, the days-to-cover ratio is currently 0.3 days.
Rexel Stock Performance
OTCMKTS:RXEEY opened at $39.06 on Wednesday. Rexel has a 52-week low of $21.77 and a 52-week high of $46.38. The stock’s 50 day moving average price is $41.37 and its 200 day moving average price is $37.97.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Rexel in a research report on Friday, February 6th. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus 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.
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