Rexel S.A. (OTCMKTS:RXEEY) Sees Large Decrease in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,525 shares, a drop of 85.8% from the December 15th total of 10,758 shares. Based on an average daily trading volume, of 16,849 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 16,849 shares, the short-interest ratio is presently 0.1 days.

Rexel Price Performance

Shares of RXEEY traded up $1.13 during midday trading on Monday, reaching $39.59. The stock had a trading volume of 11,529 shares, compared to its average volume of 18,053. Rexel has a 12-month low of $21.77 and a 12-month high of $41.12. The company’s 50-day moving average is $37.62 and its 200 day moving average is $34.07.

Wall Street Analysts Forecast Growth

RXEEY has been the subject of several recent analyst reports. Citigroup restated a “buy” rating on shares of Rexel in a research report on Wednesday, October 29th. Barclays reissued an “overweight” rating on shares of Rexel in a report on Friday, September 26th. Jefferies Financial Group started coverage on shares of Rexel in a research report on Sunday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Rexel Company Profile

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.