Rexel S.A. (OTCMKTS:RXEEY) Stock Short Interest Drops 70.2%

Rexel S.A. (OTCMKTS:RXEEY) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 3,076 shares, a drop of 70.2% from the September 30th total of 10,326 shares. Based on an average daily volume of 53,633 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Rexel Price Performance

OTCMKTS RXEEY opened at $39.24 on Thursday. Rexel has a twelve month low of $33.36 and a twelve month high of $47.13. The business’s fifty day moving average is $40.42 and its 200 day moving average is $41.77.

Rexel Company Profile

Rexel is a France-based distributor of electrical products and related solutions for residential, commercial and industrial customers. The company supplies equipment used in electrical installations, including wiring and cabling, circuit protection, lighting, automation and control systems, tools, safety products, and heating, ventilation and air-conditioning equipment.

Rexel serves electrical contractors, industrial businesses, construction companies, utilities and other professional customers through branch networks, sales teams and digital commerce platforms.