Schneider Electric S.E. (OTCMKTS:SBGSY) Short Interest Down 26.9% in November

Schneider Electric S.E. (OTCMKTS:SBGSY) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 45,300 shares, a drop of 26.9% from the October 31st total of 62,000 shares. Based on an average daily trading volume, of 539,100 shares, the days-to-cover ratio is currently 0.1 days.

Schneider Electric S.E. Trading Up 2.6 %

Schneider Electric S.E. stock traded up $1.30 during mid-day trading on Friday, hitting $51.57. 93,975 shares of the stock were exchanged, compared to its average volume of 258,795. Schneider Electric S.E. has a 12 month low of $36.31 and a 12 month high of $55.00. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $51.92 and its two-hundred day simple moving average is $50.09.

Analysts Set New Price Targets

SBGSY has been the subject of a number of recent research reports. Citigroup upgraded Schneider Electric S.E. to a “hold” rating in a report on Wednesday, October 2nd. Berenberg Bank cut Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

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.