Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSF) Grows By 106.5%


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Schneider Electric S.E. (OTCMKTS:SBGSF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 28,700 shares, a growth of 106.5% from the December 15th total of 13,900 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 31.9 days.

Shares of OTCMKTS SBGSF traded down $1.72 during trading on Wednesday, hitting $153.08. The stock had a trading volume of 492 shares, compared to its average volume of 3,070. Schneider Electric S.E. has a 12 month low of $69.16 and a 12 month high of $157.08. The firm has a fifty day moving average of $144.00 and a two-hundred day moving average of $128.56.

An institutional investor recently bought a new position in Schneider Electric S.E. stock. Main Street Research LLC purchased a new position in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 120,600 shares of the company’s stock, valued at approximately $14,992,000.

About Schneider Electric S.E.

Schneider Electric S.E. provides energy and automation digital solutions worldwide. The company operates in two segments, Energy Management and Industrial Automation. It offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical protection and control products, fuse and safety switches, motor starters and protection components, power monitoring and control products, power quality and power factor correction products, pushbuttons, switches, pilot lights and joysticks, software products, surge protection and power conditioning products, and switchboards and enclosures.

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