Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,591 shares, a drop of 69.9% from the July 15th total of 15,248 shares. Based on an average daily trading volume, of 26,494 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on RXEEY. Zacks Research raised shares of Rexel to a “hold” rating in a research report on Tuesday, June 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a report on Monday, June 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on RXEEY
Rexel Stock Performance
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.
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