Rexel S.A. (OTCMKTS:RXEEY) Sees Large Decrease in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,591 shares, a drop of 69.9% from the July 15th total of 15,248 shares. Based on an average daily volume of 26,494 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RXEEY shares. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research note on Monday, June 29th. Zacks Research upgraded Rexel to a “hold” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Rexel has a consensus rating of “Moderate Buy”.

Rexel Stock Performance

Shares of OTCMKTS RXEEY opened at $43.49 on Thursday. The stock’s 50 day moving average price is $43.05 and its two-hundred day moving average price is $42.38. Rexel has a 52-week low of $30.78 and a 52-week high of $47.13.

About Rexel

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.