Schneider Electric S.E. (OTCMKTS:SBGSY) Short Interest Update

Schneider Electric S.E. (OTCMKTS:SBGSY) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 45,300 shares, a drop of 26.9% from the October 31st total of 62,000 shares. Based on an average daily trading volume, of 539,100 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SBGSY shares. Berenberg Bank lowered Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Citigroup raised Schneider Electric S.E. to a “hold” rating in a research note on Wednesday, October 2nd.

Schneider Electric S.E. Price Performance

Shares of SBGSY stock traded up $1.30 on Friday, reaching $51.57. 93,975 shares of the company’s stock were exchanged, compared to its average volume of 224,273. Schneider Electric S.E. has a 52 week low of $36.31 and a 52 week 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. The company’s fifty day simple moving average is $51.94 and its 200 day simple moving average is $50.09.

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.