Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 69.3% in February

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 14,539 shares, a growth of 69.3% from the February 12th total of 8,590 shares. Based on an average daily volume of 24,815 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 24,815 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Rexel in a research report on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research note on Monday, December 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rexel Price Performance

RXEEY remained flat at $39.25 during midday trading on Friday. The company’s stock had a trading volume of 25,167 shares, compared to its average volume of 15,481. The company’s 50-day moving average price is $41.82 and its 200-day moving average price is $37.39. Rexel has a fifty-two week low of $21.77 and a fifty-two week high of $46.38.

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.