Rexel S.A. (OTCMKTS:RXEEY) Sees Large Increase in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 600 shares, a growth of 500.0% from the January 31st total of 100 shares. Based on an average daily volume of 33,800 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Rexel from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th.

Rexel Stock Down 2.0 %

Shares of RXEEY traded down $0.57 during midday trading on Friday, reaching $27.39. 4,826 shares of the stock were exchanged, compared to its average volume of 16,769. Rexel has a 12-month low of $22.88 and a 12-month high of $31.35. The firm has a 50 day simple moving average of $26.31 and a 200-day simple moving average of $26.81.

About Rexel

Rexel SA, together with its subsidiaries, engages in distribution of low and ultra-low voltage electrical products and services for the residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific. 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.