Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 167.5% in April

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 4,518 shares, a growth of 167.5% from the April 15th total of 1,689 shares. Based on an average daily volume of 19,526 shares, the days-to-cover ratio is currently 0.2 days.

Rexel Price Performance

Rexel stock opened at $42.81 on Friday. The stock’s 50 day moving average price is $41.12 and its 200 day moving average price is $40.06. Rexel has a one year low of $27.58 and a one year high of $47.13.

Analysts Set New Price Targets

RXEEY has been the subject of a number of research reports. Jefferies Financial Group upgraded Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Citigroup reissued a “buy” rating on shares of Rexel in a research report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Rexel has a consensus rating of “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.