Schneider Electric S.E. (OTCMKTS:SBGSY) Sees Large Drop in Short Interest

Schneider Electric S.E. (OTCMKTS:SBGSY) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 7,200 shares, a decrease of 80.6% from the January 31st total of 37,100 shares. Based on an average daily volume of 1,172,300 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Schneider Electric S.E. Stock Down 0.8 %

SBGSY stock traded down $0.37 on Friday, reaching $48.25. The company’s stock had a trading volume of 353,739 shares, compared to its average volume of 384,334. The business has a fifty day simple moving average of $50.97 and a two-hundred day simple moving average of $51.12. Schneider Electric S.E. has a 12-month low of $43.07 and a 12-month high of $56.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.21.

About Schneider Electric S.E.

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.