Rémy Cointreau Shares Drop 2.5% After Failing to Break Through €45.42 Resistance
The cognac group's stock weakens in mid-afternoon trading at the Paris Stock Exchange, after attempting to breach its major resistance in the morning. The decline is part of a generally downward Parisian market, while the stock continues a strong upward trend since spring. Short sellers remain significantly present in the capital.
The Stock Hits Resistance at €45.42 After a Failed Intra-session Attempt
Rémy Cointreau shares fell 2.47% to €44.30, after crossing its €45.42 resistance up to a high of €45.48, before falling back below the threshold. This movement represents a clear technical failure in a zone that has been monitored for several weeks, even as the stock still shows nearly 22% growth over three months and a gain of nearly 11% over one month. The stock remains well above its moving averages, with a gap of more than 6% relative to the MM20 (€41.75) and more than 8% against the MM50 (€40.89). The RSI at 66 reflects a still tense dynamic without reaching the overbought zone, which leaves room before a clear exhaustion signal. The day's decline occurs in a falling Parisian market, with the CAC 40 down 0.43% at 8,431 points during the session. The bullish sequence of recent weeks was triggered in early June by the publication of the 2025-26 annual accounts and the announcement of the RC Forward plan, which propelled the stock by nearly 11% in one session. Since then, the stock has consolidated its gains without significant correction.
High Short Positions Weigh on the Interpretation of the Rebound
According to reviewed statements, five funds accumulate a net short position of 5.38% of the capital, a slight decrease of 0.24 points over thirty days. The level remains high in absolute terms, indicating that several institutional investors maintain an unfavorable positioning on the stock or seek to cover exposure, despite the stock market rally in recent weeks. The short stock has barely receded since the stock's rebound, suggesting that short sellers have not capitulated. This parameter is considered against a backdrop of a deteriorated sectorial environment: the Federation of Wine and Spirits Exporters reported a 10.9% decline in the value of cognac exports in the 2024 report, and 6.5% for all spirits. The Cognac-based group, led by Marie-Amélie Jacquet, relies on its RC Forward transformation plan to improve operational profitability, which organically fell by 2.6 points to 17.7% during the 2025-26 fiscal year. The €45.42 resistance, tested and then rejected during the session, remains the technical level to watch for the continuation of the underlying bullish movement.
