Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 68,800 shares, a growth of 197.8% from the August 31st total of 23,100 shares. Based on an average daily trading volume, of 634,100 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 634,100 shares, the days-to-cover ratio is currently 0.1 days.

Schneider Electric Stock Performance

Schneider Electric stock opened at $58.40 on Friday. Schneider Electric has a fifty-two week low of $39.77 and a fifty-two week high of $59.38. The firm’s 50-day simple moving average is $52.54 and its 200 day simple moving average is $50.58.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SBGSY shares. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Santander upgraded shares of Schneider Electric to an “outperform” rating in a report on Wednesday, September 3rd. Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Citigroup restated a “buy” rating on shares of Schneider Electric in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Schneider Electric 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.