Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSF) Grows By 21.9%

Schneider Electric S.E. (OTCMKTS:SBGSF) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 236,300 shares, a growth of 21.9% from the February 28th total of 193,900 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 112.5 days.

Schneider Electric S.E. Stock Up 0.4 %

Shares of SBGSF stock opened at $238.88 on Wednesday. The stock has a 50-day moving average of $252.67 and a 200-day moving average of $257.34. Schneider Electric S.E. has a one year low of $215.55 and a one year high of $289.56.

Institutional Investors Weigh In On Schneider Electric S.E.

A hedge fund recently bought a new stake in Schneider Electric S.E. stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Schneider Electric S.E. (OTCMKTS:SBGSF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,820 shares of the company’s stock, valued at approximately $3,696,000. Institutional investors own 41.67% of the company’s stock.

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.