Edenred Shares Climb 2.5%, Marking One of the Top Gains in the SBF 120

A Rebound That Lifts the Stock Above Its Three Moving Averages

Edenred shares gain 2.5% to €24.16, among the strongest rises in the SBF 120 while the index itself only advanced by 0.14%. Over a month, the stock has recovered more than 16%, and nearly 31% over three months, erasing a good portion of the decline accumulated over the past year (-7.8%). The price is now above its three moving averages, with a gap of more than 20% from the MM200 (€20.07) confirming a fundamental trend reversal. The RSI at 58 remains in a neutral zone, allowing for the continuation of the movement without entering overbought territory. However, the stock still faces resistance at €24.23, tested during the session, whose breach would condition the continuation of the rebound.

A Marked Decline in Short Positions Accompanies the Stock Market Reconquest

The stock's dynamics are part of a rapid easing of bearish bets. According to reviewed statements, six funds still accumulate 4.91% of the capital sold short, but this level has melted by nearly 4 percentage points in a month (it was 8.88% thirty days ago). A reduction of this magnitude indicates significant covering of short positions, often associated with a forced buy-in movement that amplifies price increases. The residual stock remains high for an SBF 120 value, indicating that some participants maintain a cautious bias. This restructuring follows the sequence that began in mid-June, when the group confirmed it had been approached exploratorily by investment funds, an episode that had caused the stock to jump 15% before several sessions of digestion. Edenred also secured the Gold EcoVadis medal (score 84/100) for the second consecutive year, recognizing its extra-financial positioning. The next technical test remains the crossing of the €24.23 resistance.