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

Key Points

• The short interest in Schneider Electric SE saw a significant increase of 197.8% in September, reaching a total of 68,800 shares compared to 23,100 shares at the end of August.
• Several analysts have recently upgraded Schneider Electric's stock, with ratings moving from "hold" to "strong-buy" or "buy" by firms such as Kepler Capital Markets and Deutsche Bank.
• Schneider Electric's shares traded at $58.54 recently, with a 12-month range between $39.77 and $59.38, indicating recent positive price performance.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 68,800 shares, an increase of 197.8% from the August 31st total of 23,100 shares. Based on an average daily volume of 634,100 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 634,100 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SBGSY shares. Kepler Capital Markets raised shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Schneider Electric from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. Santander raised shares of Schneider Electric to an "outperform" rating in a research report on Wednesday, September 3rd. Erste Group Bank raised shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 11th. Finally, Citigroup reaffirmed a "buy" rating on shares of Schneider Electric in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Schneider Electric currently has an average rating of "Buy".

Schneider Electric Price Performance

Shares of SBGSY traded down $0.25 during trading hours on Friday, reaching $58.54. 208,008 shares of the company traded hands, compared to its average volume of 398,168. Schneider Electric has a 12-month low of $39.77 and a 12-month high of $59.38. The business has a fifty day moving average price of $52.49 and a 200-day moving average price of $50.55.

Schneider Electric Company Profile

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.

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