Schneider Electric SE (OTCMKTS:SBGSY) Shares Shorted: Short Interest Down 38.5% in October

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 128,934 shares, a decline of 38.5% from the September 30th total of 209,795 shares. Based on an average daily trading volume, of 973,559 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Schneider Electric

A number of institutional investors and hedge funds have recently bought and sold shares of SBGSY. Azimuth Capital Investment Management LLC acquired a new position in shares of Schneider Electric in the second quarter worth approximately $11,623,000. Elefante Mark B raised 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 purchasing an additional 8,800 shares during the last quarter. Notis McConarty Edward raised its holdings in Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after purchasing an additional 425 shares during the last quarter. Finally, Madison Asset Management LLC lifted its position in shares of Schneider Electric by 2.7% in the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after purchasing an additional 6,591 shares during the period. 0.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBGSY has been the topic of a number of analyst reports. Erste Group Bank cut Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Barclays reiterated an “overweight” rating on shares of Schneider Electric in a research note on Monday, October 5th. Zacks Research downgraded shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Finally, Santander downgraded shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Schneider Electric Trading Up 1.5%

SBGSY traded up $0.79 during trading on Monday, reaching $53.44. 616,679 shares of the company’s stock were exchanged, compared to its average volume of 413,726. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.56. Schneider Electric has a one year low of $50.61 and a one year high of $71.98. The firm has a fifty day moving average price of $62.68 and a two-hundred day moving average price of $61.86.

About Schneider Electric

Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.

The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.