Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Declines By 30.9%

Schneider Electric S.E. (OTCMKTS:SBGSY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 42,900 shares, a drop of 30.9% from the September 15th total of 62,100 shares. Based on an average trading volume of 225,600 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Schneider Electric S.E. to a “hold” rating in a report on Wednesday, October 2nd.

Schneider Electric S.E. Stock Performance

SBGSY stock traded up $0.42 during mid-day trading on Monday, reaching $53.28. 74,454 shares of the stock traded hands, compared to its average volume of 222,054. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $50.36 and a two-hundred day moving average of $48.81. Schneider Electric S.E. has a 52 week low of $29.19 and a 52 week high of $55.00.

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.