Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

by · The Cerbat Gem

Schneider Electric SE (OTCMKTS:SBGSY – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 227,714 shares, a decrease of 44.0% from the August 31st total of 406,955 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 571,767 shares, the short-interest ratio is currently 0.4 days.

Schneider Electric Trading Down 2.2%

Shares of Schneider Electric stock opened at $65.75 on Thursday. Schneider Electric has a 12-month low of $50.61 and a 12-month high of $71.98. The company has a 50-day simple moving average of $67.03 and a 200 day simple moving average of $63.43. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61.

Institutional Trading of Schneider Electric

Several hedge funds have recently modified their holdings of SBGSY. Notis McConarty Edward raised its stake in shares of Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after acquiring an additional 425 shares during the last quarter. Madison Asset Management LLC increased its holdings in Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after purchasing an additional 6,591 shares in the last quarter. Elefante Mark B raised its position in Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after purchasing an additional 8,800 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC bought a new position in Schneider Electric in the 2nd quarter valued at $11,623,000. Institutional investors and hedge funds own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SBGSY. Santander lowered Schneider Electric from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 8th. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Finally, Zacks Research lowered shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Schneider Electric presently has an average rating of “Buy”.

View Our Latest Stock Analysis on SBGSY

Schneider Electric Company Profile

(Get Free Report)

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switches, power monitoring systems, uninterruptible power supplies, industrial control and automation systems, building management technologies, and related software and digital services.

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