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

Rexel S.A. (OTCMKTS:RXEEY) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 93.3% from the February 28th total of 1,500 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 0.0 days.

Rexel Stock Down 2.3 %

Shares of RXEEY stock traded down $0.66 during trading hours on Thursday, hitting $27.93. The company’s stock had a trading volume of 13,740 shares, compared to its average volume of 15,813. The company has a 50 day moving average of $27.39 and a 200 day moving average of $27.21. Rexel has a 12-month low of $22.88 and a 12-month high of $31.35.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded 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.