Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 138.1% in August

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 11,835 shares, an increase of 138.1% from the August 15th total of 4,971 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the shares of the stock are sold short.

Rexel Stock Down 4.0%

OTCMKTS:RXEEY opened at $41.21 on Tuesday. The business’s 50-day moving average price is $42.63 and its two-hundred day moving average price is $42.13. Rexel has a twelve month low of $31.14 and a twelve month high of $47.13.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RXEEY. Zacks Research raised shares of Rexel to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley restated an “overweight” rating on shares of Rexel in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Rexel currently has an average rating of “Moderate Buy”.

About Rexel

Rexel is a France-based distributor of electrical products and services for professional customers. The company supplies equipment used in residential, commercial and industrial construction, renovation, maintenance and infrastructure projects. Its offerings include electrical installation products, cables, lighting, safety equipment, automation and control systems, tools, and energy-management solutions.

Rexel also supports the transition toward electrification through products and services related to energy efficiency, renewable energy, electric-vehicle charging, building management and distributed power systems.