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

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

Wall Street Analyst Weigh In

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

Rexel Stock Performance

Shares of Rexel stock traded down $0.57 on Tuesday, reaching $27.05. 41,560 shares of the stock were exchanged, compared to its average volume of 12,623. Rexel has a one year low of $22.88 and a one year high of $31.35. The firm’s 50 day moving average is $26.01 and its 200-day moving average is $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.