Schneider Electric S.E. (OTCMKTS:SBGSF) Sees Significant Growth in Short Interest

Schneider Electric S.E. (OTCMKTS:SBGSF) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 198,700 shares, a growth of 34.3% from the January 31st total of 148,000 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is presently 44.2 days.

Schneider Electric S.E. Stock Up 6.8 %

OTCMKTS:SBGSF opened at $254.50 on Thursday. Schneider Electric S.E. has a one year low of $215.55 and a one year high of $289.56. The firm’s fifty day moving average is $256.49 and its two-hundred day moving average is $257.67.

Institutional Investors Weigh In On Schneider Electric S.E.

An institutional investor recently bought a new position in Schneider Electric S.E. stock. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Schneider Electric S.E. (OTCMKTS:SBGSF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,820 shares of the company’s stock, valued at approximately $3,696,000. Institutional investors and hedge funds own 41.67% of the company’s stock.

Schneider Electric S.E. Company Profile

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.