Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Up 64.7% in August

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 282,883 shares, an increase of 64.7% from the July 30th total of 171,781 shares. Based on an average trading volume of 340,387 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are sold short.

Schneider Electric Stock Performance

Shares of OTCMKTS SBGSY opened at $68.38 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19. Schneider Electric has a fifty-two week low of $48.94 and a fifty-two week high of $71.98. The business has a 50 day moving average price of $65.17 and a two-hundred day moving average price of $62.63.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SBGSY. Azimuth Capital Investment Management LLC acquired a new position in Schneider Electric in the second quarter worth about $11,623,000. Elefante Mark B lifted its holdings in Schneider Electric by 10.0% during the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after buying an additional 8,800 shares during the last quarter. Madison Asset Management LLC lifted its holdings in Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after buying an additional 6,591 shares during the last quarter. Finally, Notis McConarty Edward grew its position in shares of Schneider Electric by 0.5% in the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after acquiring an additional 425 shares in the last quarter. 0.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Erste Group Bank raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Finally, Berenberg Bank raised shares of Schneider Electric to a “strong-buy” rating in a research report on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average 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.