Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

Key Points

• Short interest fell sharply by 44.0% to 227,714 shares as of September 15, from 406,955 shares on August 31. Short interest represents approximately 0.0% of shares outstanding, with a short-interest ratio of 0.4 days.
• Several institutional investors increased their positions during the second quarter, while institutional ownership totaled 0.83% of Schneider Electric’s stock.
• Shares recently traded at $65.89, within a 52-week range of $50.61 to $71.98. Analysts maintain an overall “Buy” consensus, although ratings ranged from “Strong Buy” to “Hold.”

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 227,714 shares, a decrease of 44.0% from the August 31st total of 406,955 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 571,767 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Schneider Electric

Several large investors have recently added to or reduced their stakes in the business. Notis McConarty Edward increased its holdings 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 buying an additional 425 shares during the last quarter. Elefante Mark B boosted its stake in shares of 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 acquiring an additional 8,800 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new stake in shares of Schneider Electric during the 2nd quarter valued at $11,623,000. Finally, Madison Asset Management LLC lifted its position in Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company's stock valued at $16,072,000 after purchasing an additional 6,591 shares in the last quarter. 0.83% of the stock is currently owned by institutional investors.

Schneider Electric Price Performance

SBGSY stock traded down $1.33 during trading on Wednesday, reaching $65.89. The stock had a trading volume of 165,725 shares, compared to its average volume of 385,955. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The stock's 50 day moving average is $66.94 and its two-hundred day moving average is $63.38. Schneider Electric has a 52 week low of $50.61 and a 52 week high of $71.98.

Analysts Set New Price Targets

Several analysts recently weighed in on SBGSY shares. Barclays restated an "overweight" rating on shares of Schneider Electric in a research note on Monday, July 6th. Erste Group Bank upgraded Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Zacks Research cut Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 3rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Schneider Electric in a research report on Monday, June 29th. Finally, Santander lowered Schneider Electric from an "outperform" rating to a "neutral" rating in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Schneider Electric presently has an average rating of "Buy".

About Schneider Electric

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switches, power monitoring systems, uninterruptible power supplies, industrial control and automation systems, building management technologies, and related software and digital services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.