GTT shares up 2% but down 10.5% over one month

A 1.9% rebound that leaves the stock below its moving averages

At €188.10, GTT gains 1.9% while the SBF 120 falls 0.1%, placing the stock among the strongest gainers in the index.

The stock nonetheless remains below its three moving averages: the MA20 at €201.89 is 6.83% above the price, and the MA200 at €199.36 stands 5.65% above it. Over one month, the loss reaches 10.43%, while the week remains positive at +3.87%.

The €181.10 support level, about 3.7% below the price, marks the lower bound of the consolidation zone. The RSI at 38 reflects this pullback period without signalling oversold conditions.

Declared net short positions reach 4.21% of the share capital, spread across six funds, up 1.68 points over thirty days. This level shows a rapidly growing bearish bet, which alone does not explain the stock's movement.

A new Asia-Pacific division and nine-month accounts already published

On November 2, the group created an Asia-Pacific Division, headed by David Colson, to strengthen proximity with its customers, industrial partners and institutional players in the region.

GTT presents this area as central to its business. This announcement follows the October 23 publication, with revenue of €570.1 million over nine months, down 4.9%, and 80 orders recorded since January.

The group confirmed its 2026 targets, with revenue targeted at €760 million and EBITDA of €510 million, despite an uncertain geopolitical context.

In the same press release, the group cited among its risks the conflict in the Middle East and navigation through the Strait of Hormuz. The board of directors will also see Catherine Ronge succeed Philippe Berterottière as chair, following his effective departure on November 16.