Short Interest in Schneider Electric S.E. (OTCMKTS:SBGSY) Decreases By 18.3%

Posted by on Jun 17th, 2022

Schneider Electric S.E. (OTCMKTS:SBGSY – Get Rating) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 54,000 shares, a drop of 18.3% from the May 15th total of 66,100 shares. Based on an average daily trading volume, of 775,300 shares, the days-to-cover ratio is presently 0.1 days.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Schneider Electric S.E. from €180.00 ($187.50) to €175.00 ($182.29) and set an “overweight” rating for the company in a research note on Friday, April 1st. Barclays decreased their target price on Schneider Electric S.E. from €200.00 ($208.33) to €185.00 ($192.71) and set an “overweight” rating for the company in a research note on Monday, April 4th. Finally, HSBC upgraded Schneider Electric S.E. from a “hold” rating to a “buy” rating in a research note on Tuesday, March 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $180.00.

Shares of OTCMKTS:SBGSY traded down $0.54 during trading on Friday, reaching $24.49. The company had a trading volume of 519,258 shares, compared to its average volume of 376,371. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $27.80 and its 200 day moving average price is $32.33. Schneider Electric S.E. has a fifty-two week low of $24.07 and a fifty-two week high of $40.45.

The firm also recently disclosed a dividend, which was paid on Friday, June 3rd. Investors of record on Wednesday, May 18th were issued a dividend of $0.4592 per share. This represents a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, May 17th.

Schneider Electric S.E. Company Profile (Get Rating)

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

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