Rexel S.A. (OTCMKTS:RXEEY) Shares Shorted: Short Interest Down 70.2% in October

Rexel S.A. (OTCMKTS:RXEEY) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,076 shares, a decrease of 70.2% from the September 30th total of 10,326 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 53,633 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rexel Stock Performance

RXEEY stock opened at $37.95 on Wednesday. The firm’s 50-day moving average is $40.45 and its two-hundred day moving average is $41.76. Rexel has a 52 week low of $33.36 and a 52 week high of $47.13.

About Rexel

Rexel is a France-based distributor of electrical products and related solutions for residential, commercial and industrial customers. The company supplies equipment used in electrical installations, including wiring and cabling, circuit protection, lighting, automation and control systems, tools, safety products, and heating, ventilation and air-conditioning equipment.

Rexel serves electrical contractors, industrial businesses, construction companies, utilities and other professional customers through branch networks, sales teams and digital commerce platforms.