Short Interest in Rexel S.A. (OTCMKTS:RXEEY) Expands By 82.4%

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 9,300 shares, an increase of 82.4% from the May 15th total of 5,100 shares. Based on an average daily volume of 11,700 shares, the short-interest ratio is currently 0.8 days.

Rexel Price Performance

RXEEY traded down $0.58 during trading on Friday, reaching $29.17. 2,388 shares of the stock traded hands, compared to its average volume of 27,164. Rexel has a fifty-two week low of $21.77 and a fifty-two week high of $30.56. The stock’s 50-day simple moving average is $27.29 and its two-hundred day simple moving average is $26.84.

Rexel Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were given a dividend of $1.0706 per share. The ex-dividend date was Tuesday, May 13th. This represents a yield of 3.84%. Rexel’s payout ratio is 78.33%.

Rexel Company Profile

Rexel SA, together with its subsidiaries, engages in distribution of low and ultra-low voltage electrical products and services for the residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.