Teleperformance Shares Under Pressure, Short Sales Climb to 11.87%
Teleperformance shares turn red again in late afternoon, moving against a broadly rising Paris market. The stock remains under pressure from short sellers, whose cumulative exposure continues to increase in the contact center group's capital.
A Decline that Deepens the Gap with Key Moving Averages
Teleperformance shares lose 1.89% to €49.72 during the session, while the CAC 40 gains 0.65% and the SBF 120 advances by 0.67%. The stock slips to the bottom of the SBF 120 as Soitec and STMicroelectronics drive the broader index upward. Over a month, the stock has lost more than 15% and shows a decline of 43% over a year, reflecting persistent skepticism around the stock.
In terms of indicators, the price is significantly below its three moving averages: the MM20 at €58.12 remains 14.45% above the current price, the MM50 at €60.73 shows a gap of 18.13%. The RSI at 36 indicates a still pronounced selling momentum, without yet tipping into clear overselling. The support identified at €53.06, broken at the end of June, now acts as a short-term ceiling.
A Bearish Bet that Continues to Grow in Capital
According to reviewed statements, the cumulative net short position reaches 11.87% of the capital, distributed among nine funds, up by 1.03 percentage points over thirty days. Such a high level indicates a sustained institutional bearish pressure, although the specific reasons held by each participant cannot be inferred. The continuous increase in the cumulative over a month shows that the recent price decline has not triggered significant covering of short positions.
Based on the expected earnings per share, the stock is trading at about 3.7 times the earnings for the current fiscal year according to the consensus of surveyed analysts, a multiple that reflects the deep discount of the stock. This gap between valuation and selling pressure fuels recent volatility, as illustrated by the nearly 14% drop on June 30 and the failed rebound attempts in recent sessions. The next key event watched by the market is the publication of the semi-annual sales figures, expected at the end of the month.
