Rexel S.A. (OTCMKTS:RXEEY) Stock Short Interest Report for September

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 10,326 shares, an increase of 208.0% from the September 15th total of 3,353 shares. Based on an average daily volume of 35,506 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rexel currently has an average rating of “Moderate Buy”.

Rexel Stock Up 0.2%

Shares of OTCMKTS:RXEEY traded up $0.06 during midday trading on Tuesday, reaching $38.92. The company had a trading volume of 25,485 shares, compared to its average volume of 17,173. The stock’s fifty day moving average price is $41.67 and its 200-day moving average price is $42.30. Rexel has a one year low of $32.76 and a one year high of $47.13.

Rexel Company Profile

Rexel SE is a France-based distributor of electrical products and related services. The company supplies electrical equipment and solutions to professional customers, including electrical contractors, industrial businesses, commercial and residential construction companies, and maintenance providers.

Its product offering includes electrical installation equipment, wiring and cabling, lighting, automation and control systems, industrial supplies, heating and ventilation products, renewable-energy equipment, and solutions for energy management and building electrification.