Rexel S.A. (OTCMKTS:RXEEY) Sees Large Decrease in Short Interest

Rexel S.A. (OTCMKTS:RXEEY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 2,300 shares, a drop of 95.0% from the June 30th total of 46,100 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is currently 0.2 days.

Rexel Price Performance

RXEEY stock traded down $0.67 during mid-day trading on Friday, hitting $27.00. The stock had a trading volume of 2,108 shares, compared to its average volume of 5,104. The firm has a fifty day simple moving average of $28.24 and a 200 day simple moving average of $27.27. Rexel has a 52 week low of $19.47 and a 52 week high of $31.35.

Rexel Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were issued a $1.281 dividend. This represents a dividend yield of 4.72%. The ex-dividend date was Monday, May 13th. Rexel’s dividend payout ratio is presently 78.33%.

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.