Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Drops By 36.5%

Schneider Electric S.E. (OTCMKTS:SBGSY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 49,000 shares, a drop of 36.5% from the November 30th total of 77,200 shares. Based on an average daily trading volume, of 340,200 shares, the days-to-cover ratio is presently 0.1 days.

Schneider Electric S.E. Stock Performance

Shares of Schneider Electric S.E. stock traded down $0.01 during trading hours on Friday, hitting $50.14. The company’s stock had a trading volume of 226,441 shares, compared to its average volume of 220,988. Schneider Electric S.E. has a 12-month low of $37.61 and a 12-month high of $55.00. The business has a 50 day moving average price of $51.23 and a two-hundred day moving average price of $50.23. 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

Several equities research analysts recently issued reports on the stock. Citigroup raised shares of Schneider Electric S.E. to a “hold” rating in a report on Wednesday, October 2nd. Berenberg Bank cut shares of 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. 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.