Rexel S.A. (OTCMKTS:RXEEY) Short Interest Update

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,296 shares, a decline of 47.3% from the May 14th total of 4,355 shares. Based on an average daily trading volume, of 30,259 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on RXEEY shares. Zacks Research raised shares of Rexel to a “hold” rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Rexel Price Performance

Shares of OTCMKTS RXEEY traded up $1.49 during midday trading on Monday, reaching $43.19. 30,113 shares of the company’s stock traded hands, compared to its average volume of 17,624. The stock’s 50 day simple moving average is $42.70 and its 200-day simple moving average is $41.15. Rexel has a one year low of $27.94 and a one year high of $47.13.

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.