Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 227,714 shares, a decline of 44.0% from the August 31st total of 406,955 shares. Based on an average daily trading volume, of 571,767 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research firms have commented on SBGSY. Santander cut shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Barclays restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Zacks Research lowered Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Erste Group Bank raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Schneider Electric

Hedge funds have recently made changes to their positions in the company. Azimuth Capital Investment Management LLC purchased a new position in Schneider Electric during the 2nd quarter valued at approximately $11,623,000. Elefante Mark B raised its holdings in shares of Schneider Electric by 10.0% during the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after acquiring an additional 8,800 shares in the last quarter. Notis McConarty Edward raised its holdings in shares of Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after acquiring an additional 425 shares in the last quarter. Finally, Madison Asset Management LLC grew its holdings in shares of Schneider Electric by 2.7% in the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after purchasing an additional 6,591 shares in the last quarter. 0.83% of the stock is currently owned by hedge funds and other institutional investors.

Schneider Electric Stock Performance

SBGSY stock traded down $1.33 during mid-day trading on Wednesday, hitting $65.89. The company had a trading volume of 165,725 shares, compared to its average volume of 385,955. The company has a 50-day moving average price of $66.94 and a 200 day moving average price of $63.38. Schneider Electric has a 12-month low of $50.61 and a 12-month high of $71.98. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61.

About Schneider Electric

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switches, power monitoring systems, uninterruptible power supplies, industrial control and automation systems, building management technologies, and related software and digital services.