Short Interest in Rexel S.A. (OTCMKTS:RXEEY) Expands By 160.5%

Rexel S.A. (OTCMKTS:RXEEYGet Free Report) was the recipient of a large increase in short interest in 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 short-interest ratio is presently 0.2 days. Based on an average daily volume of 22,839 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Rexel

Rexel Price Performance

Shares of OTCMKTS:RXEEY opened at $41.94 on Thursday. Rexel has a one year low of $21.77 and a one year high of $43.01. The firm has a 50 day simple moving average of $39.16 and a 200 day simple moving average of $34.96.

Rexel Company Profile

(Get Free Report)

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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