Rémy Cointreau Shares Drop 2.5% and Revert to Its 20-Day Moving Average
The cognac group's stock significantly declined on the Paris stock exchange this Thursday afternoon, amid a heavily shaken Parisian market due to geopolitical tensions and a surge in oil prices. The stock erases some of its recent gains, as short positions remain firmly entrenched in the capital.
A Pullback that Brings the Price to the 20-Day Moving Average in a Tense Paris Market
Rémy Cointreau's stock loses 2.36% to €43.94, while the CAC 40 is down by 1.18% and the SBF 120 by 1.05% during the session. The stock returns exactly to its 20-day moving average (€43.90), while still maintaining a cushion of nearly 3% above its 50-day moving average (€42.67) and 7% above its 200-day moving average (€41.04). The RSI at 56 remains in a neutral zone, indicating a simple recoil after the recent rise: the three-month performance remains positive at +8.2%, although the stock is still down -18.9% over the year.
The session context is unfavorable for export values, as Brent crude surpassed $94 per barrel amid escalations between the United States and Iran and threats over the Strait of Hormuz. On a sectoral level, cognac exports were down 10.9% in value according to the 2024 FEVS report, a heavy backdrop for the French spirits export segment. The day's decline leaves the support at €41.66 as the next reference level in case of continuation.
Stable Short Positions Around 5.4% of Capital Despite Spring Rebound
According to reviewed statements, five funds accumulate a net short position of 5.36% of the capital, a level almost unchanged over thirty days (-0.02 point). This accumulation remains high and indicates that several institutional investors continue to bet bearishly on the stock, without however increasing pressure in recent weeks. This point is worth monitoring but should not be overinterpreted, as the observed stability more likely reflects a wait-and-see attitude rather than a new selling wave.
The stock is now navigating in a tightened technical zone, between its 20-day moving average at €43.90 and its support at €41.66. Previous declines observed at the beginning of July had been followed by a rebound driven by the sector of French spirits exporters. The next concrete appointment for the stock remains the publication of the first quarter 2026-2027 results, expected in the coming weeks.
