Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 74.9% in June

Rexel S.A. (OTCMKTS:RXEEY) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 4,015 shares, an increase of 74.9% from the May 31st total of 2,296 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 21,393 shares, the short-interest ratio is currently 0.2 days.

Rexel Price Performance

Shares of OTCMKTS RXEEY opened at $43.16 on Thursday. The firm has a fifty day moving average price of $42.72 and a 200-day moving average price of $41.61. The stock has a market cap of $12.82 billion and a PE ratio of 54.80. Rexel has a 1 year low of $29.19 and a 1 year high of $47.13.

Wall Street Analyst Weigh In

RXEEY has been the subject of several research analyst reports. Zacks Research raised shares of Rexel to a “hold” rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a report on Monday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Rexel has an average rating of “Moderate Buy”.

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.