Nexity Shares Fall to €8.47 Amid Short Selling Pressure
The real estate developer is down 3.31% at €8.47 midday this Friday, May 15, in a pressured Parisian market. The SBF 120 is down 1.34% during the session, the CAC 40 1.36%. The stock erases the previous day's rebound in just a few hours and falls below its 20-day moving average.
A Fall Below the 20-Day Moving Average Sends the Stock to the Lower Bollinger Band
At €8.47, Nexity falls below its 20-day moving average (€8.70), with a negative gap of 2.59%. The stock also remains 7.78% below its 200-day average (€9.19), confirming a medium-term bearish orientation. Only the 50-day moving average, at €8.39, remains slightly below the current price. The price is in the lower part of the Bollinger Bands, at 27% of the amplitude, with a lower bound at €8.20 and a support identified at €7.94. The RSI at 54 remains neutral, showing no signs of exhaustion. Yesterday's session had allowed a significant rebound to €8.76, as mentioned in Thursday's movement, which was completely erased during the session.
Selling Pressure Confirmed Six Days Before the General Meeting on May 21
According to reviewed statements, the cumulative net short positions on the stock reach 3.22% of the capital, distributed among four funds. The level has increased by 0.37 percentage points in a month. Marshall Wace (0.98%), Citadel Advisors (0.93%), and AQR Capital Management (0.81%) are among the main declarants, with the latest update dated May 11. The session context remains unfavorable, with Brent at $109.11 (+2.36% over 24 hours) fueling nervousness in the Parisian market. Kaufman and Broad, another player in real estate development, is down 1.59%. The next important date for the stock is the annual general meeting scheduled for May 21, 2026.
