Schneider Electric S.E. (OTCMKTS:SBGSY) Short Interest Down 72.3% in May

Schneider Electric S.E. (OTCMKTS:SBGSY - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 42,200 shares, a decrease of 72.3% from the May 15th total of 152,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 549,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group raised Schneider Electric S.E. to a "strong-buy" rating in a research report on Thursday, March 13th. Royal Bank of Canada raised shares of Schneider Electric S.E. from a "strong sell" rating to a "moderate buy" rating in a report on Wednesday, March 19th. Citigroup upgraded shares of Schneider Electric S.E. from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Finally, Barclays downgraded shares of Schneider Electric S.E. from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy".

Schneider Electric S.E. Stock Performance

SBGSY traded down $0.50 during midday trading on Friday, reaching $50.52. The company had a trading volume of 232,332 shares, compared to its average volume of 461,549. The business has a 50-day moving average of $48.29 and a two-hundred day moving average of $49.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.21. Schneider Electric S.E. has a 1 year low of $39.77 and a 1 year high of $56.98.

Schneider Electric S.E. Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.6749 per share. This represents a yield of 1.39%. The ex-dividend date was Wednesday, May 14th.

Schneider Electric S.E. 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.