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

Rexel S.A. (OTCMKTS:RXEEY) was the target of a large 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 trading volume of 33,800 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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 Performance

RXEEY traded down $0.57 during trading on Friday, hitting $27.39. The stock had a trading volume of 4,826 shares, 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 company 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.