Short Interest in Schneider Electric SE (OTCMKTS:SBGSY) Expands By 74.3%

Schneider Electric SE (OTCMKTS:SBGSY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 237,680 shares, a growth of 74.3% from the December 31st total of 136,356 shares. Based on an average daily trading volume, of 864,337 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 864,337 shares, the short-interest ratio is presently 0.3 days.

Schneider Electric Stock Performance

SBGSY stock opened at $57.04 on Friday. The business has a 50-day moving average price of $54.95 and a 200 day moving average price of $54.42. Schneider Electric has a 1-year low of $39.77 and a 1-year high of $60.29.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SBGSY shares. Morgan Stanley upgraded Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. Evercore ISI started coverage on shares of Schneider Electric in a report on Monday, December 15th. They issued an “outperform” rating for the company. Zacks Research upgraded Schneider Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Citigroup restated a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. raised shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.