Short Interest in Schneider Electric SE (OTCMKTS:SBGSY) Rises By 235.9%

Schneider Electric SE (OTCMKTS:SBGSY) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 367,928 shares, an increase of 235.9% from the April 15th total of 109,550 shares. Based on an average daily trading volume, of 741,116 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SBGSY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Schneider Electric in a research report on Monday, February 9th. Barclays upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Schneider Electric Trading Down 2.8%

Shares of OTCMKTS SBGSY traded down $1.76 during midday trading on Friday, reaching $61.06. The stock had a trading volume of 248,388 shares, compared to its average volume of 372,014. Schneider Electric has a twelve month low of $47.81 and a twelve month high of $67.00. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average price is $59.96 and its 200 day moving average price is $57.78.

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.