Forvia Shares Drop 1.81% Amid Short-Selling Pressure
Automotive supplier Forvia falls 1.81% to €10.29 at midday on Monday, in a SBF 120 that loses 0.72%. The stock is back in contact with its 20-day moving average after briefly surpassing it last week. Selling pressure remains palpable, fueled by a tense energy environment and significant short positioning.
The Stock Reaches its 20-Day Moving Average at €10.31 in a Downward Market
Forvia drops to €10.29, just below its 20-day moving average set at €10.31. However, the stock remains 2% above its 50-day moving average (€10.09), indicating a stabilization of the short-term dynamic after the downward trend in March-April. In contrast, the 200-day moving average overshadows the price by nearly 12%, at €11.67, showing a still deteriorated long-term trend. The RSI at 52 is neutral, and the MACD remains positive (line at 0.14, signal at 0.09), which does not contradict the consolidation movement. The three-month performance stands at -28.78%, while the stock still holds a gain of 28.37% over one year. Today's decline occurs in a heavy Parisian context, with the CAC 40 losing 0.68% while Brent crude remains above $110 per barrel, a level that mechanically weighs on automotive suppliers. The technical support at €9.59 remains more than 6% away from the current price; the resistance at €10.92 was not breached during last Thursday's rebound to €10.82.
Net Short Positions Reach 3.57% of Capital, Calendar Points to June 4 General Meeting
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According to reviewed statements, the cumulative net short positions on Forvia amount to 3.57% of the capital, distributed among four funds. Marshall Wace holds 1.70%, Capital Fund Management 0.81%, and Anchor Bolt Capital 0.56%. Although this level has decreased by 0.35 points over 30 days (from 3.92% a month ago), it remains significant and reflects residual skepticism about the stock. Strategically, the company finalized the sale of its Interiors activity to Apollo fund at the end of April for a valuation of €1.82 billion, aiming at debt reduction and refocusing. In the first quarter, revenue fell by 2.2% to €5.135 billion, but the group outperformed global automotive production (-3.4%) by 120 basis points. The next significant event on the financial calendar is the general meeting scheduled for June 4, 2026. First-half results are expected on July 31.
SectorAutomobile et mobilité›Équipementiers automobiles
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 10 509 millions d'euros
Quarterly revenue: 10 509 millions d'euros
Revenue growth: -4,3 %
EBITDA: 1 439 millions d'euros
EBITDA margin: 13,7 %
Net income: 2,6 millions d'euros
Free cash flow: 432 millions d'euros
5 642 millions d'euros
Guidance from the release
nous confirme avec confiance l'ensemble de ses objectifs pour l'exercice 2026
Risks mentioned
Sous-performance en Chine : ventes en recul de 19,3 % sur un mix clients défavorable (baisse de production BYD).
Production automobile mondiale attendue en baisse de 3,2 % au second semestre 2026.
Rentabilité de Lighting au point bas (marge 0,3 %), retour aux niveaux de 2025 seulement d'ici 2028.
Opportunities identified
Prises de commandes en hausse de 15 % à 13,4 Md€, ratio commandes/CA de 1,5x dans le pôle Growth.
Cession d'Interiors : réduction de la dette nette d'au moins 1,0 Md€ attendue au T4 2026.
Développement d'activités défense : commande initiale d'environ 500 drones intercepteurs.
Outlook / guidance
Expected revenue: 20 500 millions d'euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
