Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Up 74.3% in January

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

Schneider Electric Trading Down 2.2%

Schneider Electric stock opened at $57.04 on Friday. Schneider Electric has a 1 year low of $39.77 and a 1 year high of $60.29. The firm’s 50 day moving average price is $54.95 and its 200-day moving average price is $54.43.

Wall Street Analysts Forecast Growth

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

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.