Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Rises By 1,212.6%

Schneider Electric S.E. (OTCMKTS:SBGSY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 448,900 shares, a growth of 1,212.6% from the February 28th total of 34,200 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,019,000 shares, the short-interest ratio is currently 0.2 days.

Schneider Electric S.E. Stock Down 3.8 %

Schneider Electric S.E. stock traded down $1.91 during midday trading on Wednesday, hitting $48.76. 374,659 shares of the stock were exchanged, compared to its average volume of 531,059. Schneider Electric S.E. has a 52-week low of $43.07 and a 52-week high of $56.98. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $50.67 and its 200-day moving average price is $51.15.

Analyst Ratings Changes

SBGSY has been the subject of several analyst reports. Royal Bank of Canada raised Schneider Electric S.E. from a “strong sell” rating to a “moderate buy” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group raised Schneider Electric S.E. to a “strong-buy” rating in a research report on Thursday, March 13th.

Schneider Electric S.E. 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.