Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

Key Points

• Schneider Electric experienced a significant 42.5% decline in short interest during August, dropping from 40,200 shares to 23,100 shares.
• The company has received several upgrades from analysts, with four analysts rating it as a Strong Buy and a consensus rating of "Buy."
• As of Friday, Schneider Electric's stock opened at $54.40, with a 1-year low of $39.77 and a high of $56.98.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 23,100 shares, a decline of 42.5% from the August 15th total of 40,200 shares. Based on an average trading volume of 629,900 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 629,900 shares, the short-interest ratio is currently 0.0 days.

Schneider Electric Stock Performance

Shares of OTCMKTS SBGSY opened at $54.40 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.95. Schneider Electric has a 1 year low of $39.77 and a 1 year high of $56.98. The firm has a 50-day simple moving average of $52.12 and a two-hundred day simple moving average of $49.94.

Analysts Set New Price Targets

A number of brokerages have issued reports on SBGSY. Erste Group Bank upgraded Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Kepler Capital Markets lowered Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised shares of Schneider Electric from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Zacks Research raised shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, Santander raised shares of Schneider Electric to an "outperform" rating in a report on Wednesday, September 3rd. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy".

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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