Schneider Electric SE (OTCMKTS:SBGSY) Sees Large Growth in Short Interest

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 367,928 shares, an increase of 235.9% from the April 15th total of 109,550 shares. Based on an average daily volume of 741,116 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SBGSY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Schneider Electric in a research report on Monday, February 9th. Barclays raised shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Schneider Electric Stock Performance

SBGSY stock opened at $62.82 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90. Schneider Electric has a 12 month low of $47.81 and a 12 month high of $67.00. The firm has a 50-day moving average price of $59.95 and a 200-day moving average price of $57.75.

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.