Rexel S.A. (OTCMKTS:RXEEY) Sees Significant Increase in Short Interest

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. Based on an average daily volume of 21,393 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

RXEEY has been the topic of several analyst reports. Jefferies Financial Group raised Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Morgan Stanley restated an “overweight” rating on shares of Rexel in a research note on Monday. Finally, Zacks Research upgraded Rexel to a “hold” rating in a report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rexel Stock Performance

Shares of OTCMKTS RXEEY opened at $43.16 on Thursday. The company has a market cap of $12.82 billion and a PE ratio of 54.80. Rexel has a fifty-two week low of $29.19 and a fifty-two week high of $47.13. The business has a 50-day simple moving average of $42.72 and a two-hundred day simple moving average of $41.61.

Rexel Company Profile

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.