Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Declines By 90.8%

Schneider Electric S.E. (OTCMKTS:SBGSY) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 41,400 shares, a drop of 90.8% from the March 15th total of 448,900 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 944,100 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

SBGSY has been the subject of several analyst reports. The Goldman Sachs Group upgraded Schneider Electric S.E. to a “strong-buy” rating in a report on Thursday, March 13th. Royal Bank of Canada raised shares of Schneider Electric S.E. from a “strong sell” rating to a “moderate buy” rating in a research note on Wednesday, March 19th.

Schneider Electric S.E. Stock Performance

Shares of SBGSY traded down $0.04 during trading on Monday, reaching $45.81. 566,311 shares of the company traded hands, compared to its average volume of 548,350. The stock has a 50-day simple moving average of $48.45 and a 200-day simple moving average of $50.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.91. Schneider Electric S.E. has a twelve month low of $39.77 and a twelve month high of $56.98.

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.