Schneider Electric S.E. (OTCMKTS:SBGSY) Short Interest Up 1,212.6% in March

Schneider Electric S.E. (OTCMKTS:SBGSY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 448,900 shares, a growth of 1,212.6% from the February 28th total of 34,200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,019,000 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

SBGSY has been the topic of several research reports. Royal Bank of Canada raised shares of Schneider Electric S.E. from a “strong sell” rating to a “moderate buy” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group raised shares of Schneider Electric S.E. to a “strong-buy” rating in a report on Thursday, March 13th.

Schneider Electric S.E. Stock Down 3.8 %

Schneider Electric S.E. stock traded down $1.91 during midday trading on Wednesday, reaching $48.76. The stock had a trading volume of 374,659 shares, compared to its average volume of 531,059. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. Schneider Electric S.E. has a 12 month low of $43.07 and a 12 month high of $56.98. The firm’s 50-day moving average price is $50.67 and its 200 day moving average price is $51.15.

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.