Rexel S.A. (OTCMKTS:RXLSF) Short Interest Down 51.5% in May

Rexel S.A. (OTCMKTS:RXLSFGet Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,200 shares, a drop of 51.5% from the April 30th total of 6,600 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 8.0 days.

Shares of Rexel stock remained flat at $$18.20 during midday trading on Friday. Rexel has a 12 month low of $18.20 and a 12 month high of $23.70. The company’s 50 day moving average is $19.83 and its 200 day moving average is $20.43.

Separately, AlphaValue upgraded Rexel to a “reduce” rating in a research report on Monday, February 21st.

About Rexel (Get Rating)

Rexel SA, together with its subsidiaries, distributes electrical products and services for the residential, commercial, and industrial energy markets worldwide. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.

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