Schneider Electric S.E. (OTCMKTS:SBGSY) Sees Large Drop in Short Interest

Schneider Electric S.E. (OTCMKTS:SBGSY) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 179,900 shares, a decline of 23.3% from the May 15th total of 234,600 shares. Based on an average daily volume of 324,700 shares, the days-to-cover ratio is currently 0.6 days.

Schneider Electric S.E. Stock Performance

Shares of OTCMKTS SBGSY traded down $1.98 during mid-day trading on Friday, reaching $47.39. 243,646 shares of the company were exchanged, compared to its average volume of 203,671. Schneider Electric S.E. has a 52 week low of $29.19 and a 52 week high of $51.77. The company’s 50 day moving average price is $47.97 and its 200 day moving average price is $43.84.

Schneider Electric S.E. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, May 29th will be issued a $0.7539 dividend. This is a boost from Schneider Electric S.E.’s previous dividend of $0.53. The ex-dividend date of this dividend is Wednesday, May 29th.

Schneider Electric S.E. Company Profile

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.