Rexel S.A. (OTCMKTS:RXEEY) Stock Short Interest Rises 208.0%

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 10,326 shares, an increase of 208.0% from the September 15th total of 3,353 shares. Based on an average daily volume of 35,506 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Rexel Stock Up 0.2%

Shares of RXEEY stock opened at $38.92 on Wednesday. The stock has a 50-day moving average of $41.59 and a 200-day moving average of $42.30. Rexel has a one year low of $32.76 and a one year high of $47.13.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Rexel has an average rating of “Moderate Buy”.

Rexel Company Profile

Rexel SE is a France-based distributor of electrical products and related services. The company supplies electrical equipment and solutions to professional customers, including electrical contractors, industrial businesses, commercial and residential construction companies, and maintenance providers.

Its product offering includes electrical installation equipment, wiring and cabling, lighting, automation and control systems, industrial supplies, heating and ventilation products, renewable-energy equipment, and solutions for energy management and building electrification.