Short Interest in Rexel S.A. (OTCMKTS:RXLSF) Drops By 51.5%

Rexel S.A. (OTCMKTS:RXLSFGet Rating) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 3,200 shares, a drop of 51.5% from the April 30th total of 6,600 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 8.0 days.

OTCMKTS:RXLSF opened at $18.20 on Friday. The business’s 50-day moving average is $19.87 and its two-hundred day moving average is $20.45. Rexel has a 12 month low of $18.20 and a 12 month high of $23.70.

Separately, AlphaValue raised Rexel to a “reduce” rating in a research report on Monday, February 21st.

Rexel Company Profile (Get Rating)

Rexel SA, together with its subsidiaries, distributes electrical products and services for the residential, commercial, and industrial energy markets worldwide. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.

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