Short Interest in Schneider Electric SE (OTCMKTS:SBGSY) Increases By 183.8%

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 358,018 shares, a growth of 183.8% from the March 15th total of 126,151 shares. Based on an average daily volume of 882,484 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Schneider Electric Price Performance

Shares of OTCMKTS:SBGSY traded down $0.01 during trading on Monday, hitting $60.87. 132,757 shares of the company’s stock were exchanged, compared to its average volume of 489,041. Schneider Electric has a 1-year low of $45.00 and a 1-year high of $65.67. The firm has a 50-day moving average price of $58.86 and a two-hundred day moving average price of $56.72. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

SBGSY has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. Evercore assumed coverage on shares of Schneider Electric in a research report on Monday, December 15th. They issued an “outperform” rating for the company. Barclays upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Schneider Electric in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

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.