Schneider Electric SE (OTCMKTS:SBGSY) Sees Large Growth in Short Interest

Schneider Electric SE (OTCMKTS:SBGSY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 282,883 shares, an increase of 64.7% from the July 30th total of 171,781 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 340,387 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

SBGSY has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a research report on Monday, June 1st. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Zacks Research upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, Schneider Electric has a consensus rating of “Buy”.

Hedge Funds Weigh In On Schneider Electric

Institutional investors have recently modified their holdings of the company. Notis McConarty Edward raised its holdings in shares of Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after buying an additional 425 shares in the last quarter. Elefante Mark B grew its position in Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after acquiring an additional 8,800 shares during the last quarter. Azimuth Capital Investment Management LLC purchased a new position in shares of Schneider Electric during the second quarter worth approximately $11,623,000. Finally, Madison Asset Management LLC lifted its holdings in shares of Schneider Electric by 2.7% in the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after acquiring an additional 6,591 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors.

Schneider Electric Stock Down 2.1%

Shares of OTCMKTS SBGSY traded down $1.46 during mid-day trading on Monday, reaching $68.38. 274,984 shares of the company were exchanged, compared to its average volume of 400,380. Schneider Electric has a 52 week low of $48.94 and a 52 week high of $71.98. The company’s 50 day moving average price is $65.14 and its 200 day moving average price is $62.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.