Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Decreases By 18.3%

Schneider Electric S.E. (OTCMKTS:SBGSYGet Rating) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 54,000 shares, a decrease of 18.3% from the May 15th total of 66,100 shares. Based on an average trading volume of 775,300 shares, the days-to-cover ratio is currently 0.1 days.

OTCMKTS:SBGSY traded down $0.54 on Friday, hitting $24.49. 519,258 shares of the stock were exchanged, compared to its average volume of 376,371. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 1.08. The stock has a fifty day moving average of $27.80 and a 200-day moving average of $32.33. Schneider Electric S.E. has a fifty-two week low of $24.07 and a fifty-two week high of $40.45.

The company also recently declared a dividend, which was paid on Friday, June 3rd. Shareholders of record on Wednesday, May 18th were paid a dividend of $0.4592 per share. The ex-dividend date of this dividend was Tuesday, May 17th. This represents a yield of 1.72%.

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Schneider Electric S.E. from €180.00 ($187.50) to €175.00 ($182.29) and set an “overweight” rating on the stock in a research report on Friday, April 1st. HSBC upgraded Schneider Electric S.E. from a “hold” rating to a “buy” rating in a research report on Tuesday, March 1st. Finally, Barclays reduced their target price on Schneider Electric S.E. from €200.00 ($208.33) to €185.00 ($192.71) and set an “overweight” rating on the stock in a research report on Monday, April 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $180.00.

Schneider Electric S.E. Company Profile (Get Rating)

Schneider Electric S.E. provides energy and automation digital solutions worldwide. It operates through two segments, Energy Management and Industrial Automation. The company offers busway and cable support products, circuit breakers and switches, contactors and protection relays, electrical protection and control products, energy management software solutions, transfer switches, surge protection and power conditioning products, power monitoring and control products, power quality and power factor correction products, pushbuttons, switches, pilot lights and joysticks, software products, and switchboards and enclosures.

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