Short Interest in Rexel S.A. (OTCMKTS:RXEEY) Decreases By 18.6%

Rexel S.A. (OTCMKTS:RXEEY) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 11,840 shares, a decrease of 18.6% from the February 26th total of 14,539 shares. Based on an average daily volume of 41,282 shares, the short-interest ratio is currently 0.3 days.

Rexel Price Performance

RXEEY opened at $38.30 on Monday. Rexel has a 1 year low of $21.77 and a 1 year high of $46.38. The company’s 50 day simple moving average is $41.44 and its 200 day simple moving average is $37.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Rexel in a research report on Friday, February 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Rexel presently has an average rating of “Moderate Buy”.

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.