Nexity Stock Rebounds Nearly 2%, But Short Sellers Hold On
The real estate developer regains some ground in mid-session trading within a positively oriented Parisian market. The stock attempts to approach its short-term moving averages after a significant three-month decline. However, selling pressure remains evident, as indicated by the net short positions.
A Technical Rebound Bringing the Stock Closer to Its Short-Term Moving Averages
Nexity's stock rises 1.9% to €8.2950 in mid-session trading, following a previous close at €8.14. The stock benefits from a favorable trend in the Parisian market, with the SBF 120 up by 1.1% and the CAC 40 by 1.14%. The rebound is modest compared to the three-month performance, still negative at 13%. In terms of technical configurations, the price remains below its three moving averages. The MM20 at €8.44 (a gap of -1.72% from the current price) and the MM50 at €8.42 (a gap of -1.48%) are both slightly above the price, while the MM200 at €9.04 remains more than 8% away. The RSI at 43 indicates a neutral configuration, without a marked downward extension. This sequence is consistent with the movement described in the short-term moving averages' dynamics that began on Wednesday, after breaking the support at €8.17 last week.
Persistent Selling Pressure with a Cumulative Short of 3.15% of Capital
According to reviewed declarations, four funds cumulatively hold 3.15% of Nexity's capital in short positions, a level that has increased by 0.29 points over thirty days. This modest absolute increase occurs against the backdrop of the stock's prolonged decline, which has lost 12.18% over the year. This level of short positions indicates that a significant portion of institutional investors remain positioned against the stock, though it does not suggest a sudden loss of confidence. The sector context remains mixed for real estate development, sensitive to the evolution of long-term rates. The 10-year OAT has risen by 0.35 points over three months, traditionally weighing on financing conditions for buyers. The support threshold at €8.12, tested and then breached at the beginning of last week, remains the short-term reference lower bound. The resistance at €9.23, close to the MM200, marks the upper limit of the current technical range.
