Schneider Electric S.E. (OTCMKTS:SBGSY – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 41,500 shares, a decline of 15.3% from the December 15th total of 49,000 shares. Based on an average trading volume of 356,300 shares, the days-to-cover ratio is currently 0.1 days.
Schneider Electric S.E. Stock Performance
Shares of SBGSY traded up $0.31 during mid-day trading on Thursday, reaching $52.20. The company’s stock had a trading volume of 205,786 shares, compared to its average volume of 223,199. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.21. Schneider Electric S.E. has a 1-year low of $37.82 and a 1-year high of $55.00. The business has a 50-day simple moving average of $50.92 and a two-hundred day simple moving average of $50.43.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Berenberg Bank cut Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Citigroup raised shares of Schneider Electric S.E. to a “hold” rating in a research report on Wednesday, October 2nd.
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.
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