Rexel S.A. (OTCMKTS:RXEEY) Sees Significant Growth in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,500 shares, a growth of 150.0% from the February 13th total of 600 shares. Based on an average daily trading volume, of 37,100 shares, the days-to-cover ratio is presently 0.0 days.

Rexel Price Performance

Shares of RXEEY opened at $27.20 on Friday. Rexel has a 1-year low of $22.88 and a 1-year high of $31.35. The company’s fifty day moving average price is $26.87 and its 200-day moving average price is $27.01.

Wall Street Analyst Weigh In

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

Rexel Company Profile

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.