Short Interest in Schneider Electric SE (OTCMKTS:SBGSY) Drops By 61.3%

Key Points

• Short interest in Schneider Electric SE experienced a significant decline of 61.3% in August, dropping to 40,200 shares from 103,900 shares in July.
• Analyst ratings for Schneider Electric are mixed, with three analysts giving a Strong Buy rating, while others downgraded the stock to a Hold rating.
• The company's stock traded at $50.56 recently, with a twelve month trading range between $39.77 and $56.98.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 40,200 shares, adeclineof61.3% from the July 31st total of 103,900 shares. Based on an average daily volume of 531,300 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 531,300 shares, the short-interest ratio is currently 0.1 days.

Schneider Electric Price Performance

SBGSY stock traded down $0.03 during trading on Thursday, reaching $50.56. The company had a trading volume of 135,199 shares, compared to its average volume of 409,181. The firm has a 50-day simple moving average of $52.11 and a 200-day simple moving average of $49.87. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. Schneider Electric has a twelve month low of $39.77 and a twelve month high of $56.98.

Analyst Ratings Changes

SBGSY has been the topic of a number of analyst reports. Santander upgraded shares of Schneider Electric to an "outperform" rating in a research report on Wednesday. Kepler Capital Markets cut shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Zacks Research upgraded shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Barclays cut shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a "hold" rating to a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently 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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