Teleperformance Shares Bounce Back 2% but Remain Weighed Down by Short Sellers

A Bounce of Over 2% That Only Partially Offsets the Monthly Decline

Teleperformance shares gained 2.17% to €51.70 in mid-afternoon trading, up from €50.60 the previous day. This movement places the stock in the top quarter of the SBF 120, as the broader index rose by 0.21%. Today's rebound barely softens the 12.73% decline over the past month, with the annual performance still heavily negative at -38.22%.

The stock remains BELOW its 20-day moving average (MA20) of €58.12, with a gap of 11.05%, while the RSI at 36 indicates seller exhaustion over the last few weeks without yet showing a clear reversal. The support level at €53.06, broken at the end of June, now acts as the first resistance to overcome to extend the movement.

A Bearish Bet in the Capital Continues to Grow Despite Today's Recovery

According to reviewed statements, eleven funds accumulate a net short position of 12.99% of the capital, up by 2.14 points over a month (from 10.85% thirty days ago). The level is high and the trend shows that selling pressure has further intensified, despite the rebound attempt observed today and the one attempted on July 3. This configuration indicates the presence of institutional investors positioned against the stock or seeking to cover exposure, without it being possible to draw a definitive conclusion about the future trajectory.

Based on the expected earnings per share, the stock is trading at about 3.9 times the earnings for the current fiscal year according to the consensus of surveyed analysts, a valuation benchmark to consider in light of recently revised analyst opinions. Reclaiming the MA20 at €58.12 remains the technical hurdle to overcome to confirm a trend change.