Short Interest in Rexel S.A. (OTCMKTS:RXEEY) Decreases By 18.6%

Rexel S.A. (OTCMKTS:RXEEY) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 11,840 shares, a decline of 18.6% from the February 26th total of 14,539 shares. Based on an average daily volume of 41,282 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Citigroup restated a “buy” rating on shares of Rexel in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Rexel Stock Performance

Shares of OTCMKTS:RXEEY opened at $38.30 on Monday. The business’s fifty day moving average price is $41.44 and its two-hundred day moving average price is $37.88. Rexel has a one year low of $21.77 and a one year high of $46.38.

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.