Rexel S.A. (OTCMKTS:RXEEY) Short Interest Update

Rexel S.A. (OTCMKTS:RXEEY) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 400 shares, a decline of 63.6% from the December 31st total of 1,100 shares. Based on an average daily trading volume, of 26,600 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Rexel Stock Down 0.8 %

OTCMKTS:RXEEY traded down $0.21 on Wednesday, reaching $26.35. 32,858 shares of the stock traded hands, compared to its average volume of 16,042. Rexel has a 12 month low of $22.88 and a 12 month high of $31.35. The company’s fifty day simple moving average is $25.99 and its 200 day simple moving average is $26.69.

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.