Schneider Electric SE (OTCMKTS:SBGSY) Sees Large Growth in Short Interest

Key Points

• Short interest in Schneider Electric SE rose significantly by 151.0% in July, increasing from 41,400 shares to 103,900 shares as of July 31st.
• Research analysts have downgraded Schneider Electric's rating from "strong-buy" to "hold", impacting investor sentiment about the stock.
• Despite recent downgrades, Schneider Electric maintains a consensus rating of "Moderate Buy" with a current stock price of $51.58, down 0.7% during the last trading session.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 103,900 shares, anincreaseof151.0% from the July 15th total of 41,400 shares. Based on an average daily volume of 611,100 shares, the short-interest ratio is presently 0.2 days. Approximately0.0% of the company's shares are sold short. Approximately0.0% of the company's shares are sold short. Based on an average daily volume of 611,100 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research raised shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Kepler Capital Markets downgraded shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Barclays downgraded shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

Schneider Electric Trading Down 0.8%

Schneider Electric stock traded down $0.3950 during trading hours on Thursday, hitting $49.80. The company had a trading volume of 212,836 shares, compared to its average volume of 330,551. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The firm's fifty day moving average is $52.21 and its 200-day moving average is $49.89. Schneider Electric has a fifty-two week low of $39.7730 and a fifty-two week high of $56.98.

About Schneider Electric

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.