Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,525 shares, a decrease of 85.8% from the December 15th total of 10,758 shares. Based on an average trading volume of 16,849 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 16,849 shares, the days-to-cover ratio is presently 0.1 days.
Rexel Trading Up 2.9%
Shares of Rexel stock traded up $1.13 on Monday, reaching $39.59. The stock had a trading volume of 11,529 shares, compared to its average volume of 18,053. The business’s 50 day moving average is $37.62 and its two-hundred day moving average is $34.07. Rexel has a 1 year low of $21.77 and a 1 year high of $41.12.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on RXEEY shares. Jefferies Financial Group initiated coverage on Rexel in a research note on Sunday, October 12th. They issued a “hold” rating on the stock. Barclays reiterated an “overweight” rating on shares of Rexel in a research note on Friday, September 26th. Morgan Stanley restated an “overweight” rating on shares of Rexel in a research note on Monday, December 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Rexel in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Rexel 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.
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