Rexel S.A. (OTCMKTS:RXEEY) Sees Significant Increase in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,973 shares, an increase of 160.5% from the December 31st total of 1,525 shares. Based on an average daily volume of 22,839 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 22,839 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RXEEY shares. Jefferies Financial Group assumed coverage on shares of Rexel in a report on Sunday, October 12th. They set a “hold” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Rexel in a research report on Wednesday, October 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Rexel Price Performance

Shares of OTCMKTS:RXEEY opened at $41.86 on Friday. Rexel has a 1-year low of $21.77 and a 1-year high of $43.19. The business’s 50 day moving average is $39.44 and its 200-day moving average is $35.09.

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.