Schneider Electric SE (OTCMKTS:SBGSY) Sees Significant Decrease in Short Interest

Key Points

• Short interest fell sharply by 38.5% to 128,934 shares as of October 15, down from 209,795 shares on September 30. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.1 days.
• Analyst sentiment remains positive overall, with Schneider Electric receiving a consensus “Moderate Buy” rating. However, Zacks Research, Santander, and Erste Group recently downgraded the stock, while Barclays reaffirmed an “overweight” rating.
• The stock opened at $52.65, below its 50-day and 200-day moving averages of $62.68 and $61.86, respectively, and has traded between $50.61 and $71.98 over the past year. Institutional ownership stands at 0.83%, with several investors increasing their positions.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) saw a large decline in short interest in 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 volume of 973,559 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 3rd. Barclays reaffirmed an "overweight" rating on shares of Schneider Electric in a research note on Monday, October 5th. Santander cut shares of Schneider Electric from an "outperform" rating to a "neutral" rating in a research note on Tuesday, September 8th. Finally, Erste Group Bank downgraded shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Schneider Electric has an average rating of "Moderate Buy".

Schneider Electric Price Performance

Shares of Schneider Electric stock opened at $52.65 on Friday. The stock has a 50 day moving average of $62.68 and a 200 day moving average of $61.86. Schneider Electric has a 12 month low of $50.61 and a 12 month high of $71.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.81.

Institutional Investors Weigh In On Schneider Electric

Several large investors have recently added to or reduced their stakes in the stock. Notis McConarty Edward increased 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 valued at $5,548,000 after acquiring an additional 425 shares during the last quarter. Elefante Mark B lifted its holdings in shares of Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company's stock worth $6,292,000 after acquiring an additional 8,800 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new stake in shares of Schneider Electric in the 2nd quarter worth about $11,623,000. Finally, Madison Asset Management LLC boosted its stake in shares of 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 purchasing an additional 6,591 shares during the period. 0.83% of the stock is owned by institutional investors.

Schneider Electric Company Profile

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.

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