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

Rexel S.A. (OTCMKTS:RXEEYGet Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 15,248 shares, an increase of 161.7% from the June 30th total of 5,827 shares. Based on an average daily trading volume, of 21,850 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RXEEY shares. Zacks Research raised shares of Rexel to a “hold” rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised Rexel from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Rexel presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on RXEEY

Rexel Price Performance

Shares of Rexel stock traded down $0.47 during trading on Monday, hitting $42.87. 8,933 shares of the stock were exchanged, compared to its average volume of 17,009. The firm’s 50-day moving average price is $43.07 and its 200 day moving average price is $42.16. The stock has a market cap of $12.73 billion and a price-to-earnings ratio of 54.80. Rexel has a 12-month low of $29.23 and a 12-month high of $47.13.

About Rexel

(Get Free Report)

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.

Further Reading

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