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

Schneider Electric S.E. (OTCMKTS:SBGSY) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 41,500 shares, a drop of 15.3% from the December 15th total of 49,000 shares. Based on an average daily volume of 356,300 shares, the days-to-cover ratio is currently 0.1 days.

Schneider Electric S.E. Trading Up 0.6 %

Schneider Electric S.E. stock opened at $52.20 on Friday. The company’s fifty day moving average price is $50.92 and its 200 day moving average price is $50.43. Schneider Electric S.E. has a 1 year low of $37.82 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.91.

Analyst Ratings Changes

A number of research firms have issued reports on SBGSY. Berenberg Bank lowered shares of Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Citigroup raised shares of Schneider Electric S.E. to a “hold” rating in a report on Wednesday, October 2nd.

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.