Short Interest in Schneider Electric SE (OTCMKTS:SBGSY) Expands By 74.3%

Schneider Electric SE (OTCMKTS:SBGSY) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 237,680 shares, a growth of 74.3% from the December 31st total of 136,356 shares. Based on an average daily volume of 864,337 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 864,337 shares, the short-interest ratio is presently 0.3 days.

Schneider Electric Price Performance

Shares of SBGSY opened at $57.04 on Friday. Schneider Electric has a twelve month low of $39.77 and a twelve month high of $60.29. The firm has a fifty day simple moving average of $54.95 and a two-hundred day simple moving average of $54.42.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SBGSY shares. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a report on Monday, December 15th. Evercore ISI assumed coverage on shares of Schneider Electric in a research note on Monday, December 15th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 4th. Morgan Stanley raised shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a report on Monday, October 27th. Finally, Zacks Research raised Schneider Electric from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.