Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Increases By 1,212.6%

Schneider Electric S.E. (OTCMKTS:SBGSY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 448,900 shares, an increase of 1,212.6% from the February 28th total of 34,200 shares. Based on an average daily volume of 2,019,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SBGSY. The Goldman Sachs Group raised Schneider Electric S.E. to a “strong-buy” rating in a research report on Thursday, March 13th. Royal Bank of Canada raised shares of Schneider Electric S.E. from a “strong sell” rating to a “moderate buy” rating in a research report on Wednesday, March 19th.

Schneider Electric S.E. Trading Down 0.7 %

Shares of SBGSY opened at $48.43 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $50.53 and its two-hundred day simple moving average is $51.12. Schneider Electric S.E. has a 12 month low of $43.07 and a 12 month high of $56.98.

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.