Rexel S.A. (OTCMKTS:RXEEY) Short Interest Down 93.3% in March

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 100 shares, a decrease of 93.3% from the February 28th total of 1,500 shares. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 0.0 days.

Rexel Price Performance

Shares of OTCMKTS RXEEY traded down $0.66 during trading on Wednesday, hitting $27.93. 13,740 shares of the company were exchanged, compared to its average volume of 15,813. Rexel has a 1 year low of $22.88 and a 1 year high of $31.35. The firm’s fifty day moving average price is $27.39 and its 200 day moving average price is $27.21.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Rexel from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th.

About Rexel

Rexel SA, together with its subsidiaries, engages in distribution of low and ultra-low voltage electrical products and services for the residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.