Edenred Shares Climb 4.5% and Lead the SBF 120
Edenred sharply accelerates during the session and takes the lead in the SBF 120, in a balanced Parisian market. The employee payment solutions specialist continues a recovery that began in the spring, with a new technical breakthrough achieved during the session. Short positions continue to deflate in the case.
A Breakthrough at €24.23 Propels the Share to the Top of the SBF 120
Edenred shares gain 4.62% to €24.66, marking the highest rise in the SBF 120 during the session. The share broke through its €24.23 resistance earlier in the day and has maintained it, extending a momentum already established with gains of 18.73% over one month and 33.77% over three months. This movement is part of a broader recovery that began in mid-June, notably driven by the confirmation of exploratory approaches by investment funds. The share price is now above its three moving averages, with a gap of 8.73% from the MM20 (€22.68) and 22.87% from the MM200 (€20.07), indicating a consolidated upward trend in the medium term. The RSI at 58 remains in a neutral zone, allowing the share some room for appreciation before entering an overbought configuration.
A Sharp Decline in Bearish Bets Over Thirty Days, in a Balanced Market
The configuration of the case has significantly evolved on the short sellers' side. According to the statements reviewed, six funds accumulate a net short position of 4.91% of the capital, down 3.97 points in one month (compared to 8.88% thirty days ago). This contraction reflects a gradual covering of bearish bets, as the share continues its upward sessions since the mid-June surge linked to buyout rumors. However, the movement should be read with caution: the total remains above 4% of the capital, which shows a caution still present on the case, without reflecting a complete shift in sentiment. Over twelve months, the performance is still down by 5.88%, as the share has not yet erased the broader decline accumulated since 2025. The crossing of the €24.23 resistance now marks the next reference threshold to watch for the continuation of the movement, in a context of balanced Parisian indices and a VIX rising to 16.42 amid geopolitical tensions in the Middle East.
