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

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,591 shares, a drop of 69.9% from the July 15th total of 15,248 shares. Based on an average daily volume of 26,494 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Rexel Trading Up 0.6%

Shares of OTCMKTS:RXEEY opened at $42.80 on Friday. The stock has a fifty day simple moving average of $43.04 and a two-hundred day simple moving average of $42.39. Rexel has a 12-month low of $31.14 and a 12-month high of $47.13.

Analyst Ratings Changes

Several analysts have weighed in on the company. Zacks Research raised Rexel to a “hold” rating in a research report on Tuesday, June 9th. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a report on Monday, June 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company 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.