Rexel S.A. (OTCMKTS:RXEEY) Short Interest Down 93.3% in March

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a significant drop in short interest during 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 short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Rexel Stock Up 1.3 %

Shares of OTCMKTS RXEEY traded up $0.35 during trading hours on Friday, hitting $28.28. The company’s stock had a trading volume of 3,079 shares, compared to its average volume of 15,593. Rexel has a 12 month low of $22.88 and a 12 month high of $31.35. The business has a 50-day simple moving average of $27.43 and a 200-day simple moving average of $27.22.

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.