Short Interest in Rexel S.A. (OTCMKTS:RXEEY) Increases By 161.7%

Rexel S.A. (OTCMKTS:RXEEY) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 15,248 shares, an increase of 161.7% from the June 30th total of 5,827 shares. Based on an average daily volume of 21,850 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

RXEEY has been the subject of several recent research reports. Zacks Research raised Rexel to a “hold” rating in a report on Tuesday, June 9th. Jefferies Financial Group raised Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Rexel Price Performance

Shares of OTCMKTS RXEEY opened at $44.50 on Tuesday. The stock has a market cap of $13.22 billion and a PE ratio of 54.80. Rexel has a 1 year low of $29.23 and a 1 year high of $47.13. The firm has a fifty day moving average price of $43.12 and a 200-day moving average price of $42.18.

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.