Schneider Electric S.E. (OTCMKTS:SBGSY) Sees Large Drop in Short Interest

Schneider Electric S.E. (OTCMKTS:SBGSY) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 41,500 shares, a decrease of 15.3% from the December 15th total of 49,000 shares. Based on an average daily trading volume, of 356,300 shares, the days-to-cover ratio is presently 0.1 days.

Schneider Electric S.E. Trading Up 0.6 %

Shares of SBGSY opened at $52.20 on Friday. Schneider Electric S.E. has a 1 year low of $37.82 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.91. The company’s 50-day simple moving average is $50.92 and its 200-day simple moving average is $50.43.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SBGSY shares. Citigroup raised shares of Schneider Electric S.E. to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank cut shares of Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

About Schneider Electric S.E.

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.