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

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 237,680 shares, a growth of 74.3% from the December 31st total of 136,356 shares. Based on an average trading volume of 864,337 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 864,337 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup restated a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. Evercore ISI assumed coverage on Schneider Electric in a report on Monday, December 15th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. Morgan Stanley upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 27th. Finally, Zacks Research upgraded shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Schneider Electric Price Performance

OTCMKTS SBGSY opened at $57.04 on Monday. The business has a 50 day simple moving average of $54.95 and a 200 day simple moving average of $54.45. Schneider Electric has a 52-week low of $39.77 and a 52-week high of $60.29.

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.