Schneider Electric S.E. (OTCMKTS:SBGSF) Sees Significant Growth in Short Interest

Schneider Electric S.E. (OTCMKTS:SBGSF) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 198,700 shares, a growth of 34.3% from the January 31st total of 148,000 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 44.2 days.

Institutional Investors Weigh In On Schneider Electric S.E.

An institutional investor recently bought a new position in Schneider Electric S.E. stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,820 shares of the company’s stock, valued at approximately $3,696,000. 41.67% of the stock is currently owned by institutional investors and hedge funds.

Schneider Electric S.E. Stock Up 6.8 %

OTCMKTS SBGSF opened at $254.50 on Thursday. The firm’s fifty day simple moving average is $256.49 and its two-hundred day simple moving average is $257.67. Schneider Electric S.E. has a 12-month low of $215.55 and a 12-month high of $289.56.

Schneider Electric S.E. Company Profile

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.