Rexel S.A. (OTCMKTS:RXEEY) Short Interest Down 63.6% in January

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 400 shares, a drop of 63.6% from the December 31st total of 1,100 shares. Based on an average daily volume of 26,600 shares, the days-to-cover 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 Stock Down 2.1 %

Shares of Rexel stock traded down $0.57 during trading on Tuesday, reaching $27.05. The company’s stock had a trading volume of 41,560 shares, compared to its average volume of 12,623. Rexel has a 1-year low of $22.88 and a 1-year high of $31.35. The company has a 50-day simple moving average of $26.01 and a two-hundred day simple moving average of $26.71.

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.