Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Down 16.8% in January

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 197,858 shares, a drop of 16.8% from the January 15th total of 237,680 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 862,077 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 862,077 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Schneider Electric Trading Down 1.1%

Shares of Schneider Electric stock traded down $0.70 during trading on Monday, hitting $62.43. 364,136 shares of the company were exchanged, compared to its average volume of 635,133. The firm has a 50 day moving average price of $56.44 and a 200 day moving average price of $54.83. Schneider Electric has a fifty-two week low of $39.77 and a fifty-two week high of $65.19.

Analyst Ratings Changes

Several research analysts have recently commented on SBGSY shares. Evercore assumed coverage on Schneider Electric in a research report on Monday, December 15th. They set an “outperform” rating for the company. Citigroup restated a “buy” rating on shares of Schneider Electric in a report on Monday, December 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Schneider Electric in a research report on Monday, February 9th. Morgan Stanley upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

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.