Short Interest in Schneider Electric SE (OTCMKTS:SBGSY) Rises By 34.1%

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 118,569 shares, an increase of 34.1% from the November 30th total of 88,444 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 847,690 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 847,690 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup reissued a “buy” rating on shares of Schneider Electric in a research note on Monday, December 15th. Zacks Research upgraded Schneider Electric from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Kepler Capital Markets upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft raised Schneider Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Finally, Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. 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. According to MarketBeat.com, Schneider Electric currently has an average rating of “Buy”.

Schneider Electric Stock Performance

OTCMKTS SBGSY opened at $55.53 on Tuesday. Schneider Electric has a fifty-two week low of $39.77 and a fifty-two week high of $60.29. The stock’s 50-day moving average is $55.06 and its two-hundred day moving average is $53.83.

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.