Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,248 shares, a growth of 161.7% from the June 30th total of 5,827 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 21,850 shares, the days-to-cover ratio is currently 0.7 days.
Rexel Trading Down 1.1%
RXEEY traded down $0.47 during mid-day trading on Monday, hitting $42.87. 8,933 shares of the stock were exchanged, compared to its average volume of 17,009. The firm’s fifty day moving average is $43.07 and its two-hundred day moving average is $42.16. Rexel has a 1-year low of $29.23 and a 1-year high of $47.13. The company has a market cap of $12.73 billion and a PE ratio of 54.80.
Wall Street Analyst Weigh In
A number of research analysts have commented on RXEEY shares. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research note on Monday, June 29th. Finally, Zacks Research upgraded shares of Rexel to a “hold” rating in a report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Rexel presently has a consensus rating of “Moderate Buy”.
About Rexel
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.
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