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

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

Analyst Upgrades and Downgrades

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

Rexel Trading Up 1.3 %

OTCMKTS:RXEEY traded up $0.35 during mid-day trading on Friday, hitting $28.28. 3,079 shares of the company’s stock were exchanged, compared to its average volume of 15,593. Rexel has a one year low of $22.88 and a one year high of $31.35. The business has a fifty day moving average price of $27.43 and a 200 day moving average price of $27.22.

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.