Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 4,518 shares, a growth of 167.5% from the April 15th total of 1,689 shares. Based on an average daily trading volume, of 19,526 shares, the short-interest ratio is currently 0.2 days.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on RXEEY. Citigroup reaffirmed a “buy” rating on shares of Rexel in a research note on Friday, February 6th. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.
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Rexel Stock Performance
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.
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