Schneider Electric S.E. (OTCMKTS:SBGSY) Sees Large Drop in Short Interest

Schneider Electric S.E. (OTCMKTS:SBGSY) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 41,400 shares, a decline of 90.8% from the March 15th total of 448,900 shares. Based on an average daily trading volume, of 944,100 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Schneider Electric S.E. Price Performance

SBGSY stock traded down $0.04 during midday trading on Monday, hitting $45.81. The stock had a trading volume of 566,311 shares, compared to its average volume of 548,350. The business has a fifty day moving average price of $48.45 and a two-hundred day moving average price of $50.46. Schneider Electric S.E. has a 1-year low of $39.77 and a 1-year high of $56.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.91.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group upgraded Schneider Electric S.E. to a “strong-buy” rating in a report on Thursday, March 13th. Royal Bank of Canada upgraded shares of Schneider Electric S.E. from a “strong sell” rating to a “moderate buy” rating in a report on Wednesday, March 19th.

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.