Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 167.5% in April

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 4,518 shares, an increase of 167.5% from the April 15th total of 1,689 shares. Based on an average daily trading volume, of 19,526 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RXEEY. Jefferies Financial Group upgraded shares of Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Citigroup restated a “buy” rating on shares of Rexel in a report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Rexel Stock Performance

Rexel stock traded down $1.59 during mid-day trading on Friday, reaching $42.81. The stock had a trading volume of 7,651 shares, compared to its average volume of 18,588. The company has a 50-day moving average price of $41.12 and a two-hundred day moving average price of $40.06. Rexel has a one year low of $27.58 and a one year 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.