Schneider Electric SE (OTCMKTS:SBGSY) Sees Large Drop in Short Interest

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 197,858 shares, a decline of 16.8% from the January 15th total of 237,680 shares. Based on an average trading volume of 862,077 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 862,077 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SBGSY shares. Morgan Stanley raised shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. Citigroup restated a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. Zacks Research raised Schneider Electric from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Schneider Electric in a report on Monday, February 9th. 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 a consensus rating of “Buy”.

Schneider Electric Stock Down 1.1%

Schneider Electric stock opened at $62.43 on Tuesday. Schneider Electric has a 52 week low of $39.77 and a 52 week high of $65.19. The company has a 50 day moving average price of $56.58 and a 200 day moving average price of $54.90.

Schneider Electric Company Profile

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.