Rexel S.A. (OTCMKTS:RXEEY) Short Interest Up 500.0% in February

Rexel S.A. (OTCMKTS:RXEEY) was the recipient 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 daily trading volume, of 33,800 shares, the days-to-cover ratio is presently 0.0 days.

Rexel Price Performance

Shares of RXEEY stock traded down $0.13 during trading hours on Friday, reaching $27.26. The company had a trading volume of 27,722 shares, compared to its average volume of 17,049. Rexel has a 12-month low of $22.88 and a 12-month high of $31.35. The stock has a fifty day moving average of $26.37 and a 200-day moving average of $26.82.

Wall Street Analysts Forecast Growth

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

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.