Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 74.9% in June

Rexel S.A. (OTCMKTS:RXEEY) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 4,015 shares, a growth of 74.9% from the May 31st total of 2,296 shares. Based on an average daily trading volume, of 21,393 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Rexel Stock Up 1.3%

RXEEY opened at $43.73 on Friday. The firm’s fifty day simple moving average is $42.73 and its two-hundred day simple moving average is $41.64. Rexel has a 52-week low of $29.19 and a 52-week high of $47.13. The company has a market cap of $12.99 billion and a price-to-earnings ratio of 54.80.

Analyst Upgrades and Downgrades

RXEEY has been the subject of several recent analyst reports. Zacks Research upgraded Rexel to a “hold” rating in a research note on Tuesday, June 9th. Jefferies Financial Group upgraded Rexel from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Rexel in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Rexel presently has a consensus 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.