Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 74.9% in June

Rexel S.A. (OTCMKTS:RXEEY) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,015 shares, a growth of 74.9% from the May 31st total of 2,296 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 21,393 shares, the short-interest ratio is presently 0.2 days.

Rexel Stock Performance

OTCMKTS RXEEY opened at $43.73 on Friday. The stock has a market cap of $12.99 billion and a PE ratio of 54.80. Rexel has a twelve month low of $29.19 and a twelve month high of $47.13. The stock has a fifty day simple moving average of $42.78 and a 200-day simple moving average of $41.66.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RXEEY. Zacks Research raised Rexel to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research report on Monday. Finally, Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Rexel currently has an average rating of “Moderate Buy”.

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.