Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

Schneider Electric SE (OTCMKTS:SBGSY) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 145,086 shares, a decline of 26.7% from the January 29th total of 197,858 shares. Based on an average daily volume of 1,446,936 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,446,936 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SBGSY. Zacks Research upgraded shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Schneider Electric in a report on Monday, February 9th. Finally, Evercore initiated coverage on shares of Schneider Electric in a research report on Monday, December 15th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Schneider Electric presently has a consensus rating of “Buy”.

Schneider Electric Price Performance

Shares of OTCMKTS:SBGSY traded down $3.58 during trading on Tuesday, reaching $59.12. The company had a trading volume of 224,636 shares, compared to its average volume of 531,216. The company has a fifty day moving average of $58.00 and a two-hundred day moving average of $55.71. Schneider Electric has a 12 month low of $39.77 and a 12 month high of $65.67.

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.