Rexel S.A. (OTCMKTS:RXEEY) Sees Significant Increase in Short Interest
by Teresa Graham · The Cerbat GemRexel S.A. (OTCMKTS:RXEEY – Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 10,758 shares, a growth of 723.7% from the November 30th total of 1,306 shares. Based on an average daily volume of 14,812 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 14,812 shares, the days-to-cover ratio is currently 0.7 days.
Rexel Price Performance
Shares of RXEEY traded up $1.19 on Friday, hitting $40.46. 7,518 shares of the stock traded hands, compared to its average volume of 19,045. Rexel has a one year low of $21.77 and a one year high of $40.46. The business has a 50 day simple moving average of $36.43 and a 200 day simple moving average of $33.22.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on RXEEY. Citigroup reiterated a “buy” rating on shares of Rexel in a research report on Wednesday, October 29th. Morgan Stanley restated an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Jefferies Financial Group assumed coverage on Rexel in a research report on Sunday, October 12th. They set a “hold” rating for the company. Finally, Barclays reaffirmed an “overweight” rating on shares of Rexel in a research report on Friday, September 26th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Report on RXEEY
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.