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

Schneider Electric SE (OTCMKTS:SBGSY) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 118,569 shares, a growth of 34.1% from the November 30th total of 88,444 shares. Based on an average daily trading volume, of 847,690 shares, the days-to-cover ratio is currently 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 trading volume, of 847,690 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several brokerages recently commented on SBGSY. JPMorgan Chase & Co. upgraded shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a report on Thursday, December 4th. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft raised Schneider Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Kepler Capital Markets raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Finally, Morgan Stanley raised Schneider Electric from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Schneider Electric Stock Up 0.2%

Schneider Electric stock opened at $55.53 on Tuesday. The business has a 50 day moving average price of $55.06 and a two-hundred day moving average price of $53.83. Schneider Electric has a 12 month low of $39.77 and a 12 month high of $60.29.

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.