Short Interest in Schneider Electric SE (OTCMKTS:SBGSY) Increases By 235.9%

Schneider Electric SE (OTCMKTS:SBGSY) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 367,928 shares, an increase of 235.9% from the April 15th total of 109,550 shares. Based on an average daily volume of 741,116 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Schneider Electric Stock Down 0.4%

Shares of OTCMKTS SBGSY traded down $0.26 during mid-day trading on Thursday, hitting $63.04. The stock had a trading volume of 87,590 shares, compared to its average volume of 461,166. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. Schneider Electric has a 1 year low of $47.81 and a 1 year high of $67.00. The business has a 50 day moving average price of $59.88 and a two-hundred day moving average price of $57.73.

Analyst Ratings Changes

Several research firms have commented on SBGSY. Barclays raised shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Schneider Electric in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Schneider Electric has a consensus rating of “Buy”.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.