Schneider Electric SE (OTCMKTS:SBGSY) Sees Large Growth in Short Interest

Key Points

• Short interest surged 64.7% to 282,883 shares as of August 14, up from 171,781 shares on July 30. Despite the increase, short interest represented 0.0% of shares outstanding, with a short-interest ratio of 0.8 days.
• Analysts remained broadly bullish, with four Strong Buy and seven Buy ratings; the stock’s consensus rating was Buy. Zacks Research, Berenberg Bank, and Erste Group Bank recently upgraded the shares to Strong Buy.
• SBGSY traded at $68.38, near its 52-week high of $71.98, while several institutional investors increased their holdings. Hedge funds and other institutional investors owned 0.83% of the company.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) saw a significant increase in short interest in 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. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 340,387 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SBGSY shares. Zacks Research upgraded Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Berenberg Bank raised Schneider Electric to a "strong-buy" rating in a research report on Monday, June 1st. Erste Group Bank upgraded Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Barclays restated an "overweight" rating on shares of Schneider Electric in a research report on Monday, July 6th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Schneider Electric in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Institutional Investors Weigh In On Schneider Electric

Several institutional investors have recently added to or reduced their stakes in SBGSY. Notis McConarty Edward boosted its position in Schneider Electric by 0.5% during the second 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 period. Elefante Mark B raised its position in shares of Schneider Electric by 10.0% in the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company's stock valued at $6,292,000 after purchasing an additional 8,800 shares during the period. Azimuth Capital Investment Management LLC purchased a new stake in shares of Schneider Electric during the 2nd quarter valued at approximately $11,623,000. Finally, Madison Asset Management LLC boosted its holdings in 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 buying an additional 6,591 shares during the period. 0.83% of the stock is owned by hedge funds and other institutional investors.

Schneider Electric Stock Performance

Shares of SBGSY traded down $1.46 during mid-day trading on Monday, hitting $68.38. The stock had a trading volume of 274,984 shares, compared to its average volume of 400,380. Schneider Electric has a 52 week low of $48.94 and a 52 week high of $71.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19. The business has a fifty day moving average price of $65.14 and a 200-day moving average price of $62.59.

Schneider Electric Company Profile

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.

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