Rexel S.A. (OTCMKTS:RXEEY) Stock Short Interest Report for October

Rexel S.A. (OTCMKTS:RXEEY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 7,310 shares, a growth of 137.6% from the October 15th total of 3,076 shares. Based on an average daily trading volume, of 73,518 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Rexel Trading Down 1.6%

Shares of OTCMKTS:RXEEY traded down $0.64 during trading on Friday, reaching $40.54. The company had a trading volume of 44,598 shares, compared to its average volume of 18,875. Rexel has a fifty-two week low of $34.86 and a fifty-two week high of $47.13. The stock’s fifty day moving average price is $39.99 and its 200 day moving average price is $41.73.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “overweight” rating on shares of Rexel in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Rexel

Rexel is a France-based distributor of electrical products and services, serving professional customers such as electricians, contractors, industrial companies and building operators. The company supplies equipment used in residential, commercial and industrial projects, including electrical installation materials, lighting, automation and control systems, cables, and energy-management solutions. In addition to product distribution, Rexel provides services such as technical advice, logistics support and digital tools designed to help customers plan and manage projects.