Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,076 shares, a decline of 70.2% from the September 30th total of 10,326 shares. Based on an average daily volume of 53,633 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Rexel Stock Up 1.6%
Rexel stock opened at $39.85 on Friday. The firm’s fifty day moving average is $40.39 and its 200 day moving average is $41.77. Rexel has a 52-week low of $33.36 and a 52-week high of $47.13.
Analyst Ratings Changes
Separately, Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research note on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on Rexel
Rexel Company Profile
Rexel is a France-based distributor of electrical products and related solutions for residential, commercial and industrial customers. The company supplies equipment used in electrical installations, including wiring and cabling, circuit protection, lighting, automation and control systems, tools, safety products, and heating, ventilation and air-conditioning equipment.
Rexel serves electrical contractors, industrial businesses, construction companies, utilities and other professional customers through branch networks, sales teams and digital commerce platforms.
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