Sodexo Shares Gain 1.7% to €46.70, but Short Sellers Increase to 6.54%
In the mid-afternoon, shares of the collective catering group rose by 1.7% to €46.70, within an SBF 120 that increased by 0.8%. The stock continues its weekly rebound, achieving a gain of nearly 5.5% over seven days. This momentum contrasts with the 18.4% decrease accumulated over the year.
A Rally that Propels the Price Above the Upper Bollinger Band
Sodexo's stock is currently trading above its 20-day and 50-day moving averages, which are at €42.94 and €43.36 respectively, showing a positive gap of nearly 9% over the MM20 and about 8% over the MM50. The price has now moved above the upper limit of the Bollinger Bands set at €45.22, indicating a marked overbought condition. However, the RSI at 62 remains in a neutral zone, not crossing the threshold of 70. The technical resistance at €46.18 was breached during the session. The next observation zone is at the 200-day moving average, at €47.21, which still overshadows the price by €1.08. The stock remains below this medium-term level, a key milestone for the dynamics in the coming weeks.
Short Positions on the Rise and a Busy Financial Calendar for the Second Half
According to reviewed statements, the cumulative net short positions have reached 6.54% of the capital, declared by nine funds. The short exposure has increased by 2.04 points in a month, from 4.50% thirty days ago. AQR Capital Management holds the highest position (1.32%), followed by Squarepoint Ops (0.92%) and Marshall Wace (0.90%). This selling pressure coexists with the technical rebound observed during the session. On the agenda, the group recently secured a seven-year Facilities Management contract with Rio Tinto in the Pilbara region, set to start in June 2026. The next financial milestone is the publication of the third-quarter 2026 revenue, expected on July 2, 2026, followed by an Investor update on July 16.
