Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Up 165.0% in September

Key Points

• Short interest in Schneider Electric SE rose by 165.0% in September, with total short interest reaching 182,300 shares as of September 30th.
• Analyst ratings for Schneider Electric are mixed, with three analysts giving a Strong Buy rating and one providing a Sell rating, reflecting a consensus rating of "Moderate Buy."
• Schneider Electric's stock decreased by 1.6% and traded at $57.71, closer to its twelve-month high of $59.38 and low of $39.77.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 182,300 shares, an increase of 165.0% from the September 15th total of 68,800 shares. Based on an average daily trading volume, of 577,700 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 577,700 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SBGSY shares. Zacks Research lowered shares of Schneider Electric from a "hold" rating to a "strong sell" rating in a research report on Thursday. Erste Group Bank upgraded shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. Santander upgraded shares of Schneider Electric to an "outperform" rating in a research report on Wednesday, September 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Schneider Electric in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Schneider Electric has a consensus rating of "Moderate Buy".

Schneider Electric Trading Down 1.6%

Schneider Electric stock traded down $0.92 during midday trading on Friday, reaching $57.71. The stock had a trading volume of 181,267 shares, compared to its average volume of 287,833. The firm's fifty day simple moving average is $53.67 and its two-hundred day simple moving average is $51.21. Schneider Electric has a twelve month low of $39.77 and a twelve month high of $59.38.

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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