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

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 128,934 shares, a drop of 38.5% from the September 30th total of 209,795 shares. Based on an average trading volume of 973,559 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SBGSY. Madison Asset Management LLC lifted its position in Schneider Electric by 2.7% during 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 acquiring an additional 6,591 shares during the last quarter. Azimuth Capital Investment Management LLC purchased a new position in Schneider Electric in the second quarter worth $11,623,000. Elefante Mark B grew its holdings in Schneider Electric by 10.0% in the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after purchasing an additional 8,800 shares during the last quarter. Finally, Notis McConarty Edward grew its holdings in Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 0.83% of the company’s stock.

Schneider Electric Stock Down 4.7%

SBGSY stock opened at $52.65 on Friday. Schneider Electric has a one year low of $50.61 and a one year high of $71.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a 50-day simple moving average of $62.68 and a two-hundred day simple moving average of $61.86.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SBGSY shares. Santander cut shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 8th. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, October 5th. Erste Group Bank downgraded shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Finally, Zacks Research lowered Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Schneider Electric Company Profile

Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.

The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.