Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

Key Points

• Short interest rose 183.8% during March to 358,018 shares as of March 31 (up from 126,151 on March 15), with a days-to-cover of just 0.4 days based on average volume.
• Analysts maintain a consensus Buy rating on Schneider Electric — 2 Strong Buy, 6 Buy and 2 Hold — resulting in an overall "Buy" average.
• Shares opened at $60.87 with a 50-day moving average of $58.86 and 200-day moving average of $56.69, trading in a 12-month range of $43.85 to $65.67.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 358,018 shares, an increase of 183.8% from the March 15th total of 126,151 shares. Based on an average trading volume of 882,484 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company's shares are short sold.

Analysts Set New Price Targets

SBGSY has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating on shares of Schneider Electric in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Schneider Electric in a research report on Monday, February 9th. Finally, Evercore began coverage on shares of Schneider Electric in a research report on Monday, December 15th. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Schneider Electric Price Performance

Shares of OTCMKTS SBGSY opened at $60.87 on Friday. The company's fifty day moving average is $58.86 and its 200-day moving average is $56.69. Schneider Electric has a twelve month low of $43.85 and a twelve month high of $65.67.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company's portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.

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