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) was the target of a large decline in short interest in 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. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 629,900 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 629,900 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Schneider Electric Stock Down 1.1%

SBGSY stock traded down $0.60 during mid-day trading on Friday, hitting $54.27. 36,538 shares of the company were exchanged, compared to its average volume of 402,776. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $52.25 and a 200 day simple moving average of $50.10. Schneider Electric has a twelve month low of $39.77 and a twelve month high of $56.98.

Wall Street Analysts Forecast Growth

SBGSY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. Santander raised Schneider Electric to an "outperform" rating in a research report on Wednesday, September 3rd. Erste Group Bank upgraded shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 11th. Kepler Capital Markets downgraded Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Zacks Research lowered Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate 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.