Rexel S.A. (OTCMKTS:RXEEY) Short Interest Update

Rexel S.A. (OTCMKTS:RXEEY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,296 shares, a decline of 47.3% from the May 14th total of 4,355 shares. Based on an average daily trading volume, of 30,259 shares, the short-interest ratio is presently 0.1 days.

Rexel Stock Down 1.7%

OTCMKTS RXEEY opened at $41.70 on Friday. The firm’s fifty day simple moving average is $42.70 and its two-hundred day simple moving average is $41.12. Rexel has a 12-month low of $27.94 and a 12-month high of $47.13.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RXEEY. Zacks Research raised shares of Rexel to a “hold” rating in a research note on Tuesday, June 9th. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently 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.