Schneider Electric S.E. (OTCMKTS:SBGSF) Sees Significant Growth in Short Interest

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

Institutional Trading of 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. purchased a new stake in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,820 shares of the company’s stock, valued at approximately $3,696,000. Hedge funds and other institutional investors own 41.67% of the company’s stock.

Schneider Electric S.E. Stock Down 1.5 %

Shares of OTCMKTS SBGSF traded down $3.47 during midday trading on Thursday, hitting $235.41. 456 shares of the company’s stock were exchanged, compared to its average volume of 1,654. The business’s fifty day moving average price is $251.72 and its two-hundred day moving average price is $257.19. Schneider Electric S.E. has a 12-month low of $215.55 and a 12-month high of $289.56.

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.