Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Drops By 15.3%

Schneider Electric S.E. (OTCMKTS:SBGSY) was the target of a large drop in short interest in 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 trading volume of 356,300 shares, the days-to-cover ratio is currently 0.1 days.

Schneider Electric S.E. Trading Up 1.7 %

Shares of OTCMKTS SBGSY traded up $0.91 during trading on Friday, reaching $53.11. 113,886 shares of the company traded hands, compared to its average volume of 167,976. The firm’s fifty day simple moving average is $50.95 and its 200 day simple moving average is $50.48. Schneider Electric S.E. has a 12-month low of $38.49 and a 12-month high of $55.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.21.

Wall Street Analysts Forecast Growth

SBGSY has been the subject of a number of recent analyst reports. Citigroup raised Schneider Electric S.E. to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank lowered Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

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.