Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 142.4% in January

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 9,632 shares, an increase of 142.4% from the January 15th total of 3,973 shares. Based on an average trading volume of 26,907 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 26,907 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

A number of research firms recently commented on RXEEY. Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a research note on Monday, December 8th. Citigroup restated a “buy” rating on shares of Rexel in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rexel Stock Down 3.9%

Shares of Rexel stock opened at $43.63 on Friday. The firm’s 50 day moving average is $40.79 and its 200 day moving average is $36.02. Rexel has a 1 year low of $21.77 and a 1 year high of $46.38.

Rexel Company Profile

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.