Rexel S.A. (OTCMKTS:RXEEY) Short Interest Update

Rexel S.A. (OTCMKTS:RXEEY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,296 shares, a decline of 47.3% from the May 14th total of 4,355 shares. Based on an average daily volume of 30,259 shares, the days-to-cover ratio is currently 0.1 days.

Rexel Price Performance

Shares of RXEEY opened at $41.70 on Friday. Rexel has a 1-year low of $27.94 and a 1-year high of $47.13. The company’s fifty day moving average price is $42.70 and its 200-day moving average price is $41.12.

Analyst Ratings Changes

Several research firms have issued reports on RXEEY. Zacks Research raised shares of Rexel to a “hold” rating in a report on Tuesday, June 9th. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Four 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, the stock presently has an average rating of “Moderate Buy”.

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.